Linklaters, a leading law firm based in London and part of the elite “magic circle,” reported significant growth in both revenue and partner remuneration for the past fiscal year. The firm announced an 11.4 percent increase in partner pay, raising average earnings to nearly £2.5 million.

The firm’s annual revenue climbed by nearly 7 percent to reach £2.47 billion, while pre-tax profits grew 11.6 percent to £1.2 billion. This marks the third consecutive year of double-digit profit growth for the firm. Despite these gains, Linklaters’ revenue remains behind that of the Anglo-US firm A&O Shearman, which recorded flat year-on-year revenue but maintained strong demand from multinational corporations, banks, and private capital clients seeking advice on complex cross-border transactions.

Linklaters highlighted several high-profile transactions contributing to its performance, including advising the UK government on the £38 billion Sizewell C nuclear power project in Suffolk. The firm also worked on Unilever’s demerger of its Magnum Ice Cream business and the company’s stock exchange listings in Amsterdam, London, and New York. Additionally, Linklaters advised Hong Kong’s New World Development on an £8.4 billion financing deal, described as the largest ever in the former colony.

The firm further expanded its partnership by promoting 37 lawyers internally and recruiting 12 partners from rival firms worldwide. Senior partners emphasized the growing importance of the US market for London-based firms to compete with their wealthier American counterparts. Linklaters reported a 75 percent increase in its US-based partnership over the past four years, bringing the total to approximately 55 partners.

This strategic growth in the US and continued strong performance across multiple sectors underscores Linklaters’ commitment to maintaining a leading position in the global legal market.