Trial of ex-Autonomy chief Mike Lynch among elite law firm’s mandates last year
Clifford Chance partners were paid more than £2mn last year as the law firm achieved double-digit profit growth, driven in part by high-profile litigation work including the defence of former Autonomy chief executive Mike Lynch. Equity partners — the top tier of lawyers at the firm — took home £2.04mn on average in the financial year to the end of April. Partnership profits as a whole were up 10 per cent, to £856mn, excluding non-equity partners and partner annuities.
5bn merger between the UK’s Allen & Overy and New York’s Shearman & Sterling, which completed in May. In the US, Clifford Chance increased its revenues by 28 per cent, as it successfully defended tech entrepreneur Lynch in one of Silicon Valley’s biggest fraud cases. His 12-week trial capped a more than decade-long saga for the law firm.
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