Links’ silver lining

Clifford Chance can breathe again. Linklaters hasn’t caught up.

Clifford Chance can breathe again. Linklaters hasn’t caught up.

After scrutiny by the firm’s audit committee on Monday 2 July, Linklaters was finally ready to reveal its year-end figures. See story.

And they’re good, of course. Profit per equity partner is up by nearly 22 per cent to £1.29m. Meanwhile – as revealed by The Lawyer last month – turnover was up by 19.9 per cent to £1.12bn, a fraction behind Clifford Chance’s figure of £1.19bn.

But Links managing partner Tony Angel nearly combusted when we asked whether he was disappointed not to have overtaken Clifford Chance.

“We don’t care,” he riposted. “We don’t give a damn. We have no target in that respect at all.”

“Our aim is to do the right kind of work for the right kind of client – we’re not trying to be an accounting firm and grow the top line just like that. It’s about getting the right profitability and doing the right kind of work for clients.”

That’s telling ’em.

For more on Linklaters’ figures, see Top of the Peps.