Linklaters mergers hike turnover by 25 per cent

Linklaters has posted a strong increase in revenues for the last financial year, with turnover up 25 per cent to some £631m

Much of the rise is accounted for by its series of mergers, including Oppenhoff & Rädler in Germany, De Bandt Van Hecke Lagae & Loesch in Belgium and Lagerlöf & Leman in Sweden. It also added Brazil, Poland and the Czech Republic to its global operations last year.

The big four's turnovers
Firm 2001-02 2000-01
Clifford Chance £1bn £937m
Freshfields £735m £625m
Linklaters £631m £505m
Allen & Overy £580m £494m

In common with other magic circle firms, profits have dipped. Last year, Linklaters plateau partners made £1.05m, but this year they will make some £850,000.
Freshfields Bruckhaus Deringer plateau partners are expecting to make some £850,000, while Clifford Chance's are the poorest in the magic circle on £813,000.
Allen & Overy is so far the only major UK firm to put partners on over £1m.