International firm Baker McKenzie has reported higher revenue and profits in an upbeat set of financial results. For the year ending 30 June 2019, the firm saw profits rise by 2% to $1bn on revenue up by 1.2% to $2.92bn when the effect of adverse currency exchanges is taken into account, or by 4.4% when it is not.
Profit per partner grew by 3% to $1.48m.
According to the firm, standout markets included London, Prague, Bogota, Warsaw, Istanbul and Buenos Aires.
Acting chair Jaime Trujillo said: ‘Recording 4.4% growth in a market as challenging as this is a good result. The investments the firm continues to make in legal services, the centres of excellence we have opened in lower-cost locations, and more effective partnering with clients have enabled us to show profitable growth.’