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Top City law firms see partner profits surge amid transatlantic mergers
Posted on 09 January 2026

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.

Macfarlanes reveals 86% trainee retention rate
Posted on 18 August 2025

London-based law firm Macfarlanes LLP is the latest firm to announce its trainee retention figures, with 24 out of 28 final-seat trainees set to stay on after qualifying next month. This represents an 86% retention rate for 2025 – a 5% increase from the 81% recorded in 2024.