Daily Mail

Clifford Chance partner paid £4.9m

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THE highest paid partner at magic circle law firm Clifford Chance raked in nearly £5m last year following a jump in profits.

The top earner’s pay packet leapt to £4.9m in the year to the end of April 2022 from £3.2m in 2021, according to accounts filed with Companies House.

The increase came as Clifford Chance posted pre-tax profits for the period of £812m, up from £692m the previous year.

In total, the law firm’s 14-person leadership team took home a total of £34m, £6m more than in 2021. The bumper payday came after the internatio­nal law firm reported in July that average partner pay had broken the £2m barrier.

The performanc­e followed a boom in deal-making for the sector during the year, sparked by a rebound in demand following the pandemic.

But Clifford Chance said that business activity had returned ‘broadly’ to historical levels in the second half as the economic outlook began to darken.

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