Clifford Chance Germany posts 8 per cent revenue hike

Clifford Chance has seen an 8 per cent turnover hike for its German offices for the financial year 2010-11.

The figure rose from €179.5m (£159.7m) to €193.8m (£172.5m), according to German legal magazine Juve. Financials for 2009-10 had shown an 8.4 per cent drop in turnover for the German business.

The equity partnership remained static in size, suggesting a similar increase in average profit per partner (PEP), which stood at around €1.1m (£978,481) in Germany for 2009-10. Overall headcount decreased by one per cent since last year’s results.

The German offices contribute around 14 per cent of the firm’s global turnover, which stood at £1.2bn for 2009-10. This was 5 per cent down on the previous financial year. Global PEP rose 27 per cent to £933,000 in 2009-10.

Clifford Chance has offices in Düsseldorf, Frankfurt and Munich.