Penningtons Manches Cooper produced a strong showing in 2019/20, the firm’s latest financial results show, with revenue and profits both enjoying an uptick following last summer’s tie up between legacy firms Penningtons Manches and Thomas Cooper.
Revenues rose 17% to £93m over the last financial year, up from £79.5m last year, while overall profits soared to £28m after a disappointing 15% drop last year to £14.5m. Disputes has become the main engine room at the firm, producing more than 50% of Penningtons’ material output following a focus on growing its contentious practices.
