Legal Week’s top 50 shows that
However, despite evidence of a slight lead in terms of growth from the
Notably, three magic circle law firms — Freshfields Bruckhaus Deringer, Linklaters and Slaughter and May — are now ranked among the world’s 10 most profitable law firms, providing Linklaters is judged purely on full-earning equity partners.
A year of substantial growth from the magic circle will also be seen as having bolstered their position against their key
Simon Davies (pictured), managing partner of Linklaters, commented: “A few years ago we always thought that there would be a core of 10 or 12 firms that would lead the legal market — that is certainly starting to ring true.”
Linklaters and Freshfields take second and third spot in revenue with the highest-placed US firm being Skadden Arps Slate Meagher & Flom, which recorded revenue of $2.17bn (£1.07bn) for 2007.
Doron Ezickson, partner in charge of McDermott Will & Emery’s
the diversity of their practice across different currencies and jurisdictions providing protection against a slowdown in any one sector.”
Some City partners also argued that financial comparisons favour US firms, whose financial year ran to the end of December, compared to the April year-end in the
The later year-end of the
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UK Top 50 2007-08Have your say on all the end-of-year financials with the Legal Week Wiki results special.
UKTop502008
