Clifford Chance (CC) has seen its profits per equity partner (PEP) slashed by 37%, dropping from £1.156m to £733,000. The firm today (1 July) became the first from the magic circle to announce preliminary results, reporting a 5% dip in turnover against the plunge in PEP. Revenues for 2008-09 amounted to £1.262m, down from £1.329m in 2007-08, with the weaker pound softening the drop.
July 01, 2009 at 08:03 AM
1 minute read
The original version of this story was published on Legalweek
Clifford Chance (CC) has seen its profits per equity partner (PEP) slashed by 37%, dropping from £1.156m to £733,000.
The firm today (1 July) became the first from the magic circle to announce preliminary results, reporting a 5% dip in turnover against the plunge in PEP. Revenues for 2008-09 amounted to £1.262m, down from £1.329m in 2007-08, with the weaker pound softening the drop.
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