Bloomberg Law
Aug. 5, 2018, 11:02 PM UTC

Baker McKenzie’s Growth Shows Value of One-Stop Legal Shopping

Elizabeth Olson

The world’s largest law firms continue to defy predictions that lawyers will suffer, sooner or later, from flat legal demand.

One of the largest firms, Baker McKenzie, provides a good example of why the industry remains optimistic. The firm released its annual financial report today, which said its global revenues reached $2.9 billion in the most recent fiscal year.

That is up 8 percent in U.S. dollars compared to the firm’s prior year earnings. The increase is 10 percent before global currency fluctuations are taken into account. Baker McKenzie, with 4,700 lawyers, operates in nearly four dozen countries in Europe, ...

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