Baker McKenzie posted low revenue growth and a double-digit dip in profit 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.
