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.
BLM has seen turnover increase 17 per cent from £89m to £104.1m for the 2014/15 financial year.
Revenue at Burges Salmon grew by 5.6 per cent in 2014/15 from £76.5m to £80.8m for the fourth consecutive year, while net profit increased by 10.6 per cent from £25.4m to £28.1m during the period.
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.