Law firm Clifford Chance reports 9% revenue gain, citing US, Middle East growth

Reuters
2025/07/23
Law firm Clifford Chance reports 9% revenue gain, citing US, Middle East growth

By Sara Merken

July 23 (Reuters) - London-founded law firm Clifford Chance on Wednesday reported its highest-ever revenue and profits, with U.S. revenue up 18%.

The firm said it increased overall revenue by 9% to 2.4 billion pounds sterling ($3.25 billion) and partnership profit by 11% to 944 million pounds ($1.28 billion) in its financial year that ended April 30.

Like other global firms with UK roots, Clifford Chance has pushed in recent years to expand its stake in the U.S. legal market, which is the world's largest. The firm has long had New York and Washington, D.C., offices, and in 2023 opened an office in Houston, where there are now about 40 lawyers. It also cited U.S. growth as a key revenue driver in its prior fiscal year.

Clifford Chance's U.S. work in the past year has included advising Reinsurance Group of America on its $32 billion reinsurance agreement with Equitable Holdings Inc.

The firm did not detail revenue amounts by region. It said its largest revenue increase was in the Middle East, where receipts rose 36%. The firm has four offices in the Middle East and North Africa, as well as a joint venture in Saudi Arabia that operates as a separate firm from Clifford Chance.

Other London firms have also begun releasing financial results for the last year under a requirement to file accounts with the UK government.

Rival firm Linklaters on Tuesday said it grew profit before tax to 1.08 billion pounds sterling ($1.46 billion), buoyed by a 57% increase in U.S. profits. The firm's revenue jumped to 2.32 billion pounds sterling ($3.13 billion).

Kennedys last month reported a 22% revenue increase in North America, reaching nearly 110 million pounds sterling ($148.78 million) for the region out of a total 428 million pounds sterling ($578.87 million) firmwide.

($1 = 0.7394 pounds)

(Reporting by Sara Merken)

((Sara.Merken@thomsonreuters.com;))

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10