Baker & McKenzie London revenue grows 9%

Baker & McKenzie’s London office revenue has grown by 9% over the past year, the firm has confirmed.

A spokesperson for the firm confirmed that the global firm’s UK office reported £145m of revenue in the 12 months to 30 June 2015, up from £133m the previous year.

Globally, Bakers’ revenue dipped by 4% last year. The firm saw its global revenue fall 4.3% to $2.43bn (£1.5bn) after currency fluctuations and a number of exceptional costs hit the global firm’s bottom line.

London head Paul Rawlinson, who’s term comes to an end in July this year, told Legal Week he believes the firm has raised the profile of its brand in the City during his tenure.

He is currently focused on growing the office headcount. The firm has made a number of significant hires over the last 12 months including former Barclays’ managing director of litigation and investigations Jonathan Peddie.

Last year’s accounts also revealed London growth, showing that revenue rose by 2% to £133m during 2013-14, up from £130.4m.

The limited liability partnership (LLP) accounts, filed at Companies House, showed profit for division among members fell to £41.6m for the year ending 30 June 2014, down from the 2012-13 figure of £47.7m.

Profit for distribution at the firm’s UK arm fell 13% during 2013-14, despite a rise in revenue.