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UK/global turnover: |
£31m/£379m |
UK/global PEP: |
£840,000/£928,000 |
UK/global revenue per lawyer: |
£470,000/£456,000 |
UK revenue per partner/equity partner: |
£2.1m/£2.1m |
Global revenue per equity partner: |
£2.2m |
UK/global number of partners: |
15/170 |
| UK/global number of lawyers: |
66/832 |
| UK number of staff: |
162 |
| UK/global leverage ratio: |
3.4/3.9 |
| UK equity partner to staff ratio: |
10.8 |
CLEARY GOTTLIEB Steen & Hamilton
reported a promising, if not astounding,
level of growth during 2004-05. London increased revenue by almost 9 per cent to
reach £31m, leaving Cleary in twelfth place
in the international table.
However, this did not reflect the firm's
impressive year within the M&A markets. The
firm shot up the ranks in the European M&A
league tables after securing a role on UniCredito
Italiano's landmark €15.4bn (£10.45bn) bid
for German bank HypoVereinsbank. Cleary
advised JPMorgan on the transaction, which
was the largest-ever cross-border deal in the
European financial services sector. Other big
instructions for London included advising UCB
on the €1.5bn (£1.02bn) sale of its surface
specialties business to Cytec Industries.
At the same time, Cleary bolstered its
derivatives and structured products group with
the hire of Simon Ovenden from Linklaters,
although this only counteracted the loss of
senior London-based securities partner Ed
Greene, who quit to go in-house at client
Citigroup. |
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