Fieldfisher has broken through the £100m revenue threshold reporting a 10% rise to £104m and a moderate 3% increase in profit per equity partner (PEP) to £415,000 for the 2013/14 financial year.
Fieldfisher’s results represent a return to growth for the top 40 UK firm, which last year saw its revenue dip by 3% to £95m, and PEP slip 8% to £402,000, in a year which also saw its merger talks with Lawrence Graham and Osborne Clarke collapse.
Highlights over the past year include a number of lateral hires including most recently Osborne Clarke’s head of technology Mark Webber and Edwards Wildman’s IT disputes partner Geoff Mendelsohn. The firm also moved into new offices near Fenchurch Street and merged with Manchester-based boutique Heatons in February to expand its regional presence and provide clients with a lower-cost offering.
Internationally, Fieldfisher reopened its Düsseldorf office last year with two partners, regulatory lawyer Christian Bahr and competition law practitioner Sascha Dethof.
The financial services, dispute resolution and tax and structuring groups were highlighted for their standout performance, with Brussels and Paris said by the firm to have had ‘an excellent 12 months.’
Fieldfisher’s managing partner, Michael Chissick (pictured), said: ‘I am pleased with our performance this year, it has resulted in a solid set of financials upon which we can build and progress. This has been a transformational year at Fieldfisher with lots of new partners, new London premises, new branding, a new website and a successful merger in Manchester. We will be implementing our integration plans over the next few months to ensure we are fully operational and settled into our new London headquarters.’
Tom.moore@legalease.co.uk
