Clifford Chance bosses pocket 7 per cent pay rise

By Kathryn Higgins

05 January 2017 at 07:45 BST

The combined pay packets of Clifford Chance's 12-member executive leadership team swelled to £15m for the 2015/16 financial year.

Marian Vejcik

Accounts lodged with Companies House show a 7 per cent lift in the combined pay of the 12 members of the firm’s management committee, from £14m to £15m. Strong profit results across the board helped drive the increase, with every arm except Europe reporting an increase in turnover for the last financial year. Overall turnover was up from £1.35bn to £1.39bn, with the firm’s offices in the United Kingdom, the Middle East and Asia all pitching in for the result. The firm’s offices in Washington DC, New York and São Paulo were the biggest contributors to the growth result, with turnover up 12 per cent in 2015/16 to £175m. However, revenue across Clifford Chance’s offices in Europe slipped to £452m, down 4 per cent from the £469m recorded a year earlier.

Sources: The Lawyer; Legal Business


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