Linklaters.jpg” alt=”Links matches rest of magic circle at half-year stage” />Linklaters has matched the half-year performance of magic circle rivals Allen & Overy and Clifford Chance with an 18 per cent increase in revenues for the same period this year.
This takes the magic circle firm’s half year turnover to £633m – almost £100m up on this time last year when the figure stood at £536m.
Simon Davies, managing partner elect, said that the firm has had a strong start to the year and the revenue increase reflects another powerful performance across Linklaters.
“It is too early to forecast the long-term effect on our business of the so-called credit crunch,” added Davies. “Nevertheless, our people have responded tremendously well to the challenge of anticipating and meeting the complex demands of our clients.”
The magic circle firm’s results come as it saw its full-year turnover for the 2006-07 period rise by 20 per cent to £1.12bn, securing its position as Britain’s second largest firm in terms of turnover after Clifford Chance.
Freshfields Bruckhaus Deringer is the only magic circle firm to have a higher increase in revenues than Linklaters with a hike of 19 per cent.