1,000,000 + Attorneys and Legal Staff - Legal employers hire more people on LawCrossing than any other site.
New Law Closing Louisiana Abortion Clinics Could be Stalled
New Law Closing Louisiana Abortion Clinics Could be Stalled
Nathan Hardwick Accused of Embezzling Money from Own Law Firm
Nathan Hardwick Accused of Embezzling Money from Own Law Firm
Ninth Circuit Says FedEx Drivers are Employees, Not Independent Contractors
Ninth Circuit Says FedEx Drivers are Employees, Not Independent Contra...
Dykema Grabs Product Liability Superstar
Dykema Grabs Product Liability Superstar
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.”

What

 job title, keywords

Where

 city, state, zip



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
Real Estate Associate
USA-TX-Dallas

Our client is a north Dallas law firm who seeks a Real Estate Development Associate.  The ideal candidate will have 2-4 years law firm experience concentrated in representing real estate develope...