LAWFUEL – Press Release Service – Clifford Chance estimates that revenues increased by 13% to £1,030 million for the financial year ended 30 April 2006 (2005: £914m), and that average profit per equity partner increased by 24% to £810,000 (2005: £651,000). In US Dollars, revenues were $1.9 billion and average profit per equity partner was $1.5 million.
These figures are provisional at this stage and will be finalised in July once they have been audited.
Global managing partner David Childs commented:
‘ We have achieved strong growth in revenues and in our profitability. We are pleased with the performance of each of our geographic regions and believe they are well positioned for further growth. We have had a great year across all our practices, and in M&A were rated No1 globally for the first time in the Thomson league tables.’