Categories:Other
Linklaters mergers hike turnover by 25 per cent
Catrin Griffiths
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.
