Bakers posts 20 per cent turnover hike

Baker & McKenzie has reported global turnover growth of 20 per cent in the 2007 financial year, with total income rising to $1.83bn (£910m).

Baker & McKenzie has reported global turnover growth of 20 per cent in the 2007 financial year, with total income rising to $1.83bn (£910m). The bulk of this – 41 per cent ($750m (£373.1m)) – came from Europe and the Middle East with 35 per cent of revenue coming from North and Latin America and the remainder from the Asia-Pacific region. This is the same breakdown as last year. The firm’s average profit per equity partner figure rose by 22 per cent over the year, breaking the $1m (£500,000) level for the first time to reach $1.06m (£530,000).