Linklaters has posted decreases in both revenues and profits for the last financial year. The Magic Circle firm saw profits per equity partner fall by 7 percent, to 1.2 million pounds, while revenue dropped by 9 percent, from 1.3 billion pounds in 2008-2009, to a new mark of 1.2 billion pounds. Said managing partner Simon Davies, "The 76 percent drop in corporate work is what has driven this fall in incomes. However, we have been very busy in restructuring, litigation and financial and regulatory work."
July 07, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Linklaters has posted decreases in both revenues and profits for the last financial year as the Magic Circle firm becomes the latest of the United Kingdom’s elite law firms to announce its 2009-2010 results.
The firm saw profits per equity partner (PEP) fall by 7 percent, to 1.2 million pounds, while turnover dropped by 9 percent, from 1.3 billion pounds in 2008-2009 to a new mark of 1.2 billion pounds. Pre-tax profit decreased by 1.2 percent, to 507.2 million pounds.
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