Clifford Chance hits £2.4bn revenue, sees strong Middle East growth

Clifford Chance has posted a solid set of results for FY25, with revenue increasing 9% to reach £2.4 billion and PEP nudging up to £2.11 million from £2.04 million the previous year.

Regionally, the Middle East led the way with revenue up 36%. The US saw 18% growth, maintaining momentum after a 28% jump the previous year. Europe (including the UK) and Asia Pacific delivered steadier gains of 6% and 5%, respectively.

Private capital boost

Private capital remained a key growth engine, with increased activity driving work for the firm’s private equity, finance and funds teams. Of the 34 lateral partner hires made globally during the year, 12 were focused on private capital - spread across London, New York, Paris and Singapore.

The US also remained a key strategic priority. The firm made 13 lateral partner hires across New York, Washington DC and Houston, bringing its total US partner headcount to 122 as it continues to scale up its presence in the world's biggest market for legal services.

What they said

Managing partner Charles Adams said: "All our regions recorded robust growth, most notably the Middle East.

"Despite more challenging market conditions in the US during the second half of the financial year, we maintained our strong growth trajectory taking our revenue increase in the region to more than 50 per cent in the past two years."