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.
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.