Law Firms

Clifford Chance full-year performance ‘strongest to date’

Its partnership profit hit £716m, an increase of 8% year on year, while its profit per equity partner rose by 9% to £1.85m

Clifford Chance has seen its revenues rise by 1% to £1.83bn in the year ended 30 April, 2021, after the business “maintained its momentum” despite the pandemic. 

Its partnership profit hit £716m, an increase of 8% year on year, while its profit per equity partner rose by 9% to £1.85m.

The firm reported it saw demand increase each quarter over the past year, from a “challenging” first few months which were “significantly affected” by Covid-related uncertainty, to a final quarter which saw activity at “all-time record levels” in many practices and geographies. 

As a result, Clifford Chance said its global revenue and profit performance for the year were its “strongest to date”, with the momentum from a record final quarter continuing into the new financial year.

Matthew Layton, Clifford Chance global managing partner said: “I am hugely proud of what our team has achieved this year. Our goal is always to stand shoulder to shoulder with our clients giving them the very best advice and support on their most complex and business-critical matters; and never has this been more important. 

“Our robust financial performance reflects the value that clients place on that partnership and on the expertise and dedication of our teams.”

He added: “Despite many challenges, this has been a year of progress: we have maintained our momentum in advancing our strategic priorities and in investing for the firm’s longer-term future in line with our vision. 

“We have also begun important work to map out how we will operate in the new world as communities and economies start to emerge from the shadow of the pandemic.”

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