As previously reported in LawFuel, London-based Clifford Chance – the magic circle law firm – has now broken the magic £1 million earnings figure with its latest results. Its champagne all round. The Times reports.
Profit per equity partner (PEP) at Clifford Chance has smashed through the £1 million mark for the first time as the world’s biggest law firm saw revenues climb 16 per cent to £1.2 billion. Clifford Chance’s PEP – a popular measure of law firm profitability calculated by dividing total profits by the number of partners […]