On Wednesday (8 July) Freshfields Bruckhaus Deringer became the final magic circle firm to reveal 2014/15 financials. So what have we learned about the economic health of the top tier?
After years of chasing its rivals, Allen & Overy (A&O) has displaced Linklaters as – for the time being – as the second-largest magic circle firm.
Wedlake Bell has recorded revenue of £31.3m for the 2014/15 financial year.
Brodies has announced its fifth consective year of revenue and profit growth as turnover increased by 11.2 per cent, from £52.1m to £57.9m.
Ince & Co has announced that its turnover has fallen by 8 per cent, from £86.7m to £79.4m last year.
Charles Russell Speechlys has posted its first post-merger financial results, revealing a 3.5 per cent increase in revenue to £134.5m.
Withers’ revenue rose 8.7 per cent over 2014/15 from £123.3m to £134m, while its average profit per full equity partner (PEP) dropped by 2.4 per cent, the firm has announced.