The local office of British law firm Clifford Chance, one of the world's leading players on the legal market, last year collected 7.2 million euros and a 57.7% profit margin, according to the annual revenue statement submitted by the company to the fiscal authorities and made available to ZF.
The results place Badea Clifford Chance among the top five players on the Romanian legal firms market, although the firm accounts for only 0.5% of the around 1.4 billion-euro revenues posted by the London-based giant.
Profitability of Romanian partners, however, is higher than the average of the British firm's partners in the 2008-2009 financial year, prior to the merger.
Over the course of 2009, Badea Clifford Chance posted a 4.2 million-euro profit, i.e. an average of 1.4 million euros for the three partners - Daniel Badea, Nadia Badea, and Perry Zizzi. On the other hand, profit per equity partner within Clifford Chance was 733,000 pounds sterling (818,000 euros) in the financial year ended 31st of April 2009, the latest for which data is available.
The local office of British law firm Clifford Chance, one of the world's leading players on the legal market, last year collected 7.2 million euros and a 57.7% profit margin, according to the annual revenue statement submitted by the company to the fiscal authorities and made available to ZF.
The results place Badea Clifford Chance among the top five players on the Romanian legal firms market, although the firm accounts for only 0.5% of the around 1.4 billion-euro revenues posted by the London-based giant.
Profitability of Romanian partners, however, is higher than the average of the British firm's partners in the 2008-2009 financial year, prior to the merger.
Over the course of 2009, Badea Clifford Chance posted a 4.2 million-euro profit, i.e. an average of 1.4 million euros for the three pa
