Clifford Chance has become the latest City behemoth to report bumper trading figures. Partnership profit climbed 11% in the year to 30 April on revenue up 9% to £2.6bn. Profit per equity partner (PEP) rose 9% to £2.3 million.

Since 2023, the firm said it has added £638m in revenue and £295m in profit, aided by a 65% increase in US revenue.

Charles Adams, global managing partner, said: ‘These record results reflect the trust that clients place in us for their most critical cross-border matters. In an increasingly complex and fragmented geopolitical environment our connected global expertise combined with sector insights, give our clients a distinct advantage.’

Clifford Chance reported ‘strong activity’ in private equity/M&A, funds and investment management, restructuring and private credit and associated product lines.

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Clifford Chance HQ, London

Source: Jonathan Goldberg

‘Structural trends across technology and AI, healthcare and life sciences, defence, renewable energy and infrastructure - including data centres and other digital infrastructure, continued to underpin robust demand for our multi-product, sector expertise at a global scale,’ the firm added.

Revenue grew in all regions, with Europe (including the UK) and the Middle East up 7% and 12% respectively. Asia Pacific income climbed 26%, driven by a ‘resurgence in capital markets’. The Americas delivered an increase of 9%.

This year 28 lawyers were promoted to the global partnership effective 1 May.