Promote Your Attorney Profile on Law.net - Get Found / Earn More!
Pennsylvania Supreme Court Justice Suspended for Sexually Graphic Emails
Pennsylvania Supreme Court Justice Suspended for Sexually Graphic Emai...
Tax Increases up to 90 Percent Best Move for All Americans
Tax Increases up to 90 Percent Best Move for All Americans
Police Brutality Case Nets Man $1,000 and His Lawyers $459,000
Police Brutality Case Nets Man $1,000 and His Lawyers $459,000
Frank Sivero Sues Simpsons for $250 Million for Ripping Off His “Goodfellas” Character
Frank Sivero Sues Simpsons for $250 Million for Ripping Off His “Goo...
Legal Job Listings

Clifford Chance Leads Rough Year for U.K. Firms

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
Associate Attorney with 3-5 years of land use or litigation experience
USA-NY-Melville

BROWN & ALTMAN LLP, a Melville, New York based law firm with growing commercial real estate / zoning / litigation practice seeks an individual with 3-5 years of land use or litigation experience. ...

Related Posts: