Clifford Chance kicks off magic circle reporting season with 5% revenue rise and 16% PEP hike

CC sees PEP climb to £1.6m as it continues innovation push with two new business streams

Clifford Chance (CC) has posted a double-digit hike in profit per equity partner (PEP) on the back of what the firm described as a “positive” 2017-18, in which revenue climbed 5%.

Global revenue increased to £1.62bn, up from £1.54bn in 2016-17, against a 16% rise in PEP to £1.6m and a 13% increase in partnership profit to £626m.

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