LawFuel – The Law News Network’s lead story from The Times reports on Clifford Chance, the world’s first Billion Dollar Law Firm. Legal Business Magazine has surveyed firm revenues to show profits per partner hit a record £1,160,000 in one top City law firm, Slaughter and May, while the average profit across all 6,557 partners in the top 100 law firms reached £537,322.
Top Five firms in terms of turnover were: Clifford Chance, Linklaters, Freshfields, Allen & Overy and Lovells.
