Partners at magic circle giant Clifford Chance shared in another bumper profit pool in 2024-25 as trading remained buoyant. 

Newly published financial statements for the year ended 30 April 2025 show the profit share to be split among members increased by 12% to £872m.

The firm had earlier reported that global revenue rose 9% to £2.4bn, while profit per equity partner was £2.11m. Pre-tax profits went up by almost 10% to £934m.

The accounts reveal that the highest-paid member’s total entitlement increased from £6m to £7.17m. The average number of members rose from 518 to 543, while the worldwide lawyer headcount was 2,859 at the year.

Clifford Chance

The firm's profit share to be split among members increased by 12% to £872m

Announcing the results in July, global managing partner Charles Adams said all its regions recorded ‘robust growth’, most notably in the Middle East.

All regions improved turnover, with Europe (including the UK) and Asia Pacific delivering revenue growth of 6% and 5% respectively, and a 36% revenue increase in the Middle East. The US region achieved a second year of significant growth with an 18% jump in revenue.

Adams was re-elected last month for a second, four-year term as global managing partner, starting in May.

Adrian Cartwright, global senior partner at Clifford Chance said: ‘Charles has successfully spearheaded our growth strategy, with a focus on enhancing client experience, attracting and retaining the best talent and driving operational excellence.’

It was reported by the Financial Times last month that the firm would cut around 50 back-office jobs, with a further 35 roles set to change. Clifford Chance said the proposed restructuring herald the creation of new roles and revised teams.