The firm has posted revenues of $2.19bn (£1.17bn), up from last year’s total of $1.82bn (£918m).
Firmwide profits per partner have also seen double-digit growth from last year, with a 20% increase up to $1.206m (£644,000) from last year’s total of $1.063m (£567,000).
Bakers chairman John Conroy (pictured) singled out the emerging markets as the areas which have pleased him the most over the last year, with the Middle East,
This year’s results represent the fourth year in a row that the firm has recorded double-digit growth.
Conroy told Legal Week: “We are very encouraged by the results, as they are well distributed across all four of our regions. Obviously certain markets have seen a slowdown; however, we are less reliant on local work because of the way our international offices are integrated.”
Bakers’ year-end comes in June, later than many other firms, which has left the firm’s City practice exposed to the worst of the economic downturn. The
Average profits per partner remained static at last year’s mark of £590,000, placing the firm just ahead of the likes of CMS Cameron McKenna and Addleshaw Goddard.
London managing partner Gary Senior said that while the credit crunch has impacted on the firm’s performance, no one practice in particular had been hit badly, rather that there has been a general slowdown in most areas.
Senior told Legal Week: “We are pleased to have grown by 10%, and clearly there was some impact in the second half, but we have the protection of being a global firm as well as being tied up in the emerging markets.”
Conroy said that the firm has ambitious plans for growth over the next financial year, highlighting opportunities in developed markets such as the
