London-based Linkers has increased revenues to by five per cent and increased its partner profits by six per cent, the company said in a statement today.
Bloombergs report that Linklaters LLP revenue increased to 1.25 billion pounds ($1.57 billion) in the last year, bolstered by financial services work.and boosted profit per equity partner by nearly 6 percent to 1.39 million pounds, the firm said in a statement today. Freshfields Bruckhaus Deringer LLP said its revenue increased by 1 percent to 1.23 billion pounds in the financial year ending April 30.
The results round off the reporting season for the U.K.’s largest law firms with four members of the so-called Magic Circle recording an increase in revenue and profit. Clifford Chance saw revenue rise by 7 percent to 1.35 billion pounds last year while Allen & Overy LLP revenue increased 2 percent to 1.23 billion pounds.
Freshfields recorded the highest profit per equity partner — a figure used to measure law firm performance — of the four, with a 6 percent increase to 1.48 million pounds.