London’s leading commercial law firms have reported sharp rises in partner earnings over the past financial year. Average profit per equity partner at major firms, including Linklaters LLP, A&O Shearman, Herbert Smith Freehills Kramer and Macfarlanes LLP, ranged from more than £1.5 million to more than £3 million during 2024/25. The upward trend was echoed at Clifford Chance, where newly filed Companies House accounts revealed the highest-paid partner received more than £7 million.
Freshfields Bruckhaus Deringer LLP has announced that it’ll be increasing the number of trainees it takes on to 100, an increase of more than 35%. This decision indicates that the magic circle firm remains confident in its practice, despite the current difficult economic climate.