Baker McKenzie posted low revenue growth and a double-digit dip in profits per partner in the financial year 2019-20 as COVID-19 and global currency fluctuations took a toll.

For the financial year ended June 30, Baker McKenzie recorded $2.92 billion in gross revenue, unchanged from a year earlier. The firm said it had achieved a 1.2% growth in revenue in terms of constant currency, a fixed exchange rate commonly used in financial reporting that eliminates the effect of foreign exchange fluctuations. It also reported a global head count of 4,819 lawyers, which translates to a slight dip in revenue per lawyer—from $607,000 to $605,900.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]