Eversheds Sutherland has revealed a 17% increase in its net profit from £150.3m to £175.2m in this year’s financial results. The rate of growth is six percentage points lower than last year’s bumper 23% spike, reflecting the challenges which law firms currently face. Revenue also grew from £678.4m to £730.9m, matching last year’s 8% rise.
In contrast to the significant 26% jump in profit per equity partner (PEP) in 2022, this year’s performance shows a far more modest 4% increase from £1.2m to £1.29m, despite the significantly higher rate of net profit growth.
