Linklaters revenues up 16 per cent at half-year

Linklaters has continued to resurrect its financial performance, reporting a 16 per cent increase in revenues during the first half of the financial year.

The magic circle giant claims to have made £438m in billings during the first six months, compared with £376m for the same period during the 2004/05 financial year.

If the firm was able to maintain this level of growth, it would put it on track to report total revenue of £933m at the end of the 2005/06 financial year.

However, a spokesman for the firm said it would be difficult to maintain the same level of growth during the second half of the year, because of its particularly strong second half during 2004/05.

The increase in revenues during the first six months consolidates the firm’s successful 2004/05 year, when the average profits per equity partner (PEP) leapt 25 per cent to £843,000 and turnover increase 12 per cent to £805m.

The increases reversed the firm’s disappointing results for 2003/04, when PEP slumped 8 per cent from £734,000 to £674,000