Mishcon de Reya has become the latest firm in the LB100 to resist the economic onslaught of Covid-19 in its financial year end, the firm’s figures show, with revenues up for another year while profits regained momentum.
Turnover increased a healthy 6% from £177.8m to £188.3m over 2019/20, while profit per equity partner was up 5% to £1,050,000. Though the revenue growth is a comparative slowdown on last year’s pacier 10% rise, the rise in profits will be welcome after falling flat in 2018/19, and dropping 9% the year prior to that.
