CC revenues sink as profit rises

Clifford Chance

‘s revenues have slumped for the third year in a row, with gross fees down to £915m. However, the magic circle firm has posted a profit rise of almost 15 per cent for the last financial year, suggesting that its war on costs, led by chief operating officer David Childs (left), has paid dividends. Provisional results show average profit per equity partner at £644,000, up 14.6 per cent on the previous year’s £562,000.

First revealed on www.thelawyer.com 23 May