Baker McKenzie grew revenue to $2.92bn while partner profits hit $1.48m as uncertainty made for a more subdued year at the firm.
In constant currency terms revenue grew 4.4% but edged up only 1.2% in dollar terms, and partner profits grew 3% to $1.48m as net income increased 2% to $1bn. The results are markedly more muted than last year’s 10% constant currency growth and 13% hike in partner profits. Continue reading “‘Satisfied’ Baker McKenzie adds $200m to top line but market volatility slows growth to a crawl”
Burness Paull has felt the effect of economic and political uncertainty more than most this year, reporting muted growth and an 8% drop in profit as two of its biggest markets struggled.
Revenue at the Scottish independent was up a sluggish 2% to £58.5m for the 2018/19 financial year, while profit fell to £22m from £23.8m. Two of the firm’s biggest markets – oil and gas and commercial property – had a slow first six months, heavily weighing on the result. Continue reading “Brexit and oil price stymie Burness Paull as profit drops 8%”