Hi everyone,
The law firm financial results for 2017/18 have been released and I wanted to share the results for a selection of law firms. It's quite a helpful way of comparing law firms by size and profit, and also to take a look at which firms are growing the most (even though it does fluctuate between years).
Revenue-wise, Clifford Chance has long been the bigger law firm within the magic circle (closely followed by A&O). In the last five years, the firm has seen an impressive 28% growth in turnover. It's also worth noting that Freshfields has bounced back from its static revenue in 2016/17 with revenue growing by 5%.
As you can see, the picture is different when the firms are sorted by profits per equity partner. Macfarlanes has topped the table despite being a considerably smaller firm by revenue. Linklaters has fallen to the bottom of the magic circle after PEP fell for the first time in almost a decade. The firm cited its investment in technology and its international expansion as reasons for the fall.
The law firm financial results for 2017/18 have been released and I wanted to share the results for a selection of law firms. It's quite a helpful way of comparing law firms by size and profit, and also to take a look at which firms are growing the most (even though it does fluctuate between years).
Revenue-wise, Clifford Chance has long been the bigger law firm within the magic circle (closely followed by A&O). In the last five years, the firm has seen an impressive 28% growth in turnover. It's also worth noting that Freshfields has bounced back from its static revenue in 2016/17 with revenue growing by 5%.
As you can see, the picture is different when the firms are sorted by profits per equity partner. Macfarlanes has topped the table despite being a considerably smaller firm by revenue. Linklaters has fallen to the bottom of the magic circle after PEP fell for the first time in almost a decade. The firm cited its investment in technology and its international expansion as reasons for the fall.
