Clifford Chance (CC), the world’s largest law firm barring a market-shattering performance from Linklaters, announced its revenues for the last financial year this week, with the top line hitting £1.329bn, up 11% on last year. CC also reported healthy growth in profits with each equity partner taking home an average of £1.151m, up 13% in sterling terms.
To answer the question this blog has posed from the start, CC’s revenues now outstrip Skadden’s by roughly $500m (£258m). The gap equates to the total revenues for a handful of other AmLaw 100 firms, including Arnold & Porter and Heller Ehrman. Last year the gap was $350m (£180m) – roughly the size of a quality mid-market City firm like Berwin Leighton Paisner.
