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CC partner profits plummet by 37% while revenue falls 5%

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1st July 2009, 15:30

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CC partner profits plummet by 37% while revenue falls 5%

Claire Ruckin Legalweek Wed, 01 Jul 2009 13:00:00 +0100

Clifford Chance (CC) has seen its profits per equity partner (PEP) slashed by 37%, dropping from £1.156m to £733,000.The firm today (1 July) became the first from the magic circle to announce preliminary results, reporting a 5% dip in turnover against the plunge in PEP. Revenues for 2008-09 amounted to £1.262m, down from £1.329m in 2007-08, with the weaker pound softening the drop.

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