Baker McKenzie revenue nudges up amid global uncertainty

Baker McKenzie sees revenue climb 2% as PEP stays broadly static at $1.3m

Baker McKenzie saw revenue climb to a record high of $2.67bn (£2.02bn) in 2016-17 – nudging up just over 2% on last year’s figure, with average profits per equity partner (PEP) staying broadly static at $1.3m (£984,000).

Billable hours increased by 3%, as the firm said that on a constant currency basis its revenue climbed 5%, highlighting the appreciation of the dollar against many currencies. On the same constant currency basis, PEP edged up 1.2% compared with 0.2% in dollar terms.

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