Clifford Chance strengthened its cash position significantly during the last financial year as it also saw a rise in staff costs, according to the firm’s latest limited liability partnership (LLP) accounts.

The documents, which were filed at Companies House, show that the firm drastically improved its cash and cash at bank position in the year to April 2020, with a total equity reserve balance of £100 million, up from negative £14 million in 2018 .