Free Market Evaluation - Send us your resume and we will give you free feedback
U.S. Supreme Court Rules 5-4 In Favor of Death Penalty
U.S. Supreme Court Rules 5-4 In Favor of Death Penalty
U.S. Supreme Court Rules Death Penalty is Constitutional
U.S. Supreme Court Rules Death Penalty is Constitutional
The U.S. Supreme Court is Highly Divided
The U.S. Supreme Court is Highly Divided
Georgia Department of Natural Resources Sued for Sexual Discrimination
Georgia Department of Natural Resources Sued for Sexual Discrimination
Legal Job Listings
Download PDF

Clifford Chance Leads Rough Year for U.K. Firms View Count: 131

Revenue at the U.K.’s magic circle firms suffered a decline of 11 percent for the fiscal year ended April 30. Leading the way as the highest-grossing firm for the year was Clifford Chance.

Clifford Chance returned to the top spot despite suffering a 5 percent decline in revenue to $1.8 billion, Bloomberg reports.

Linklaters, last year’s highest-grossing U.K. firm, fell to 2nd on revenue of $1.78 billion, which was an 8.8 percent decline from the prior year. Rounding out the magic circle firms were Freshfields Bruckhaus Deringer LLP with $1.73 billion, a drop of 11 percent; and Allen & Overy LLP, which reported revenue of $1.59 billion, a four percent drop.

Revenue is down a bit, but you always expect it to come down as the recession unwinds,” Tony Williams, founder of Jomati Consultants in London and a former managing partner at Clifford Chance, told Bloomberg. “The initial panic from the financial crisis and the Lehman collapse caused a lot of work, and there’s been a period where everyone sort of licks their wounds.”

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Bloomberg cited a major decrease in mergers & acquisitions work as the reason for the declines.

Clifford Chance Leads Rough Year for U.K. Firms by

Tagged: , , , , , , , , , , ,

Posted by on July 8, 2010. Filed under Home,Legal News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

 

 

Job of the Day
Accountant for Law Firm
USA-FL-Pensacola
Cutting-edge law firm seeks experienced Staff Accountant to join their team! This position offers job security, flexibility, work-life balance, and competitive salary. Candidates should have 7 to 1...


Apply now

Related Posts: