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Linklaters posts record pre-tax profits

Linklaters in London has posted record pre-tax profits of Stg £942 million for the year to 30 April – a 10.3% rise on 2023.

Income rose 10% to £2.1 billion, while profit per equity partner climbed 8% to £1.9 million.

Profit per partner was up 7% to £1.8 million.

Closing the firm’s Moscow office in 2023, following Russia’s invasion of Ukraine in 2022, contributed to a 2% fall in profits.

'Exceptional year'

Firmwide managing partner Paul Lewis said: “It’s been an exceptional year, with record financial results and revenues exceeding £2 billion for the first time. We’ve seen a strong performance across the firm, with M&A, complex restructurings, contentious mandates and energy transition-linked projects the biggest drivers of growth.”

Linklaters elected 27 new partners on 1 May, one-third fewer than in 2023, the England and Wales Gazette reports.

In May, Linklaters increased salaries for newly qualified solicitors from £125,000 to £150,000.