Click here to access full coverage of Clifford Chance in The Lawyer UK 200 2013. Featuring the UK’s leading law firms ranked by turnover, as well as extensive benchmarking data, the report is a comprehensive market intelligence resource for the UK legal sector.
No. of Lawyers: 375
The one-time king of London's magic circle has taken some knocks in the financial crisis, but the firm deserves recognition for being one of the few global LLPs to embrace financial transparency in Asia Pacific by listing its regional figures.
Clifford Chance first stepped foot in the region some 33 years ago when it launched in Hong Kong and its regional practice now turns over some £185m annually. Indeed, the last five years are particularly notable, with revenue more than doubling in the teeth of the global financial crisis.
And the firm has big plans, claiming that it wants to hit a regional revenue figure of £250m by 2014. As The Lawyerpointed out in February 2013, that means maintaining a 15 per cent growth rate for the two financial years in the run-up.
The firm's game plan for achieving that target appears to be based around expansion. It launched in Sydney and Perth through a double merger in 2011, and in summer 2012 became the first English practice to bag a practice licence for Korea and then to a Seoul office. It has also been highly successful in acting for Chinese companies floating on the Hong Kong stock exchange.
The Asia Pacific profile is an edited version of a full write-up that appears in The Lawyer Asia Pacific 150, a comprehensive analysis of the legal market in the region that ranks the top 100 local firms and leading 50 international players by headcount. For more information and to purchase your copy please click here.
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Clifford Chance’s finance operation is a complex beast, divided into two groups with some overlap. On the one hand there is the global financial group which includes lending and acquisition finance, derivatives, financial regulatory advice, insolvency and restructuring, real estate finance, project finance and asset finance. This group is headed by Mark Campbell.
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Overview10 Upper Bank Street
Turnover (£m): 1,271.00
No. of Lawyers: 2,525
No. of Lawyers (Asia Pacific): 375
Offices (Asia Pacific): 9