Baker & McKenzie announces global revenues of $2.62 billion 

• Revenues up 8% or 16% in constant currency
• Net profit grew by 14% or 22% in constant currency
• Profits per Equity Partner up 13% or 21% in constant currency
• 150 new partners

Baker & McKenzie, the world’s premier global law firm, has announced global revenues for the fiscal year ended 30 June 2016 (FY16) of $2.62 billion. The Firm’s total global revenues were up 8% in dollar terms compared to previous year. In constant currency this translates into growth of 16%, highlighting the appreciation of the US dollar against most other currencies in the period.

Net profit figure increased by 14% in dollar terms to $904 million – a 22% improvement in constant currency. Profits per Equity Partner improved by 13% in dollar terms to $1.3 million and 21% in constant currency to $1.36 million.

Baker & McKenzie Chairman Eduardo Leite says:

FY16 was another strong year for Baker & McKenzie despite continued adverse foreign currency headwinds. Across the world strong growth highlighted the continued trust by our clients in Baker & McKenzie during a period of significant global uncertainty, and reflect the enormous efforts and talent of our 13,000 people.

“Not only did we increase revenues and profitability, we also continued to lead the legal profession in terms of innovation and stronger client relationships around the world, highlighted by our awards, rankings and 67 major panel appointments in the year. And we continue to invest in our future. We recruited 65 lateral partners in FY16 and last month we promoted 85 partners, 34 of whom are women, matching our own record for any law firm, set last year,” Leite adds.

Source: Baker & McKenzie

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