Bakers’ revenue up by a fifth

Baker & McKenzie has shrugged off the collapse of merger talks with Heller Ehrman by announcing turnover growth of 20 per cent for the year to the end of June.

Firmwide revenue for the 12 months stood at $2.19bn (£1.09bn), up from $1.83bn (£910m) last year. Growth in London, which accounts for around 12 per cent of the firm’s total turnover, lagged behind that of the firm as a whole, coming in at 10 per cent.