Clifford Chance has announced its results for the year ended 30 April 2014 with revenues up 7% to £1,359 million.
The revenues were the highest ever reported by Clifford Chance, with all regions and all practices experiencing growth.
“These are a strong set of results. They reflect the definite uptick in transactional markets we saw starting in the US over a year ago, and which has since extended to Europe and Asia Pacific. Market and corporate confidence is just part of the picture; we are also benefiting from our long-term strategy of investment in the geographies and areas of expertise that are most important to our clients. These more recent additions to the firm’s offer are performing well, alongside our more established practices,” Matthew Layton, Clifford Chance Managing Partner, said.
“There is a shared sense of positive momentum around the firm. The market-shaping work undertaken by our teams globally, demonstrates that we are building a firm that is really driven by – and answers to – client needs. We’re ambitious for what we want to achieve and we’re far from being complacent. The fundamental shifts in the global business environment have huge implications for many of our clients, for the global legal industry and for us. I’m absolutely determined that we are not only going to stay at the forefront of the leading international firms but that we will set the standard for the next phase of the industry’s development.”