A ‘challenging market’ led to sluggish revenue growth at Burges Salmon for the last financial year, while profit per equity partner (PEP) dipped for the second year in a row.
Revenue at the Bristol-headquartered firm rose 3% to £90m for the 2017/18, after being flat the previous period. However, turnover has grown more than 20% over the last five years. Continue reading “Burges Salmon cautious over challenging market as PEP dips against modest revenue growth”
After years of convincing growth on the back of its rapid international expansion, private wealth specialist Withers increased its turnover by a modest 1% to £176.6m this year.
Growth in profit per equity partner (PEP) also slowed down and was up by 3% to £402,000 after jumping 25% to £381,000 last year, when the firm increased its top line 8% to £174.5m. Continue reading “Withers’ expansion rush comes to an end as revenue grows 1% to pass £175m mark”
Gowling WLG has replicated a broadly strong year for law firms after adding nearly 17% to its top line.
The firm’s second full financial year since the 2016 tie-up between Wragge Lawrence Graham & Co and Canadian firm Gowlings saw revenue increase to £455.5m from £390.1m last year. Continue reading “Gowling WLG revenue climbs to £455m in second post-merger financial results”
In what has been a strong reporting year already for a number of mid-market pacesetters, it is perhaps surprising to find that the frenetic growth of recent years at Mishcon de Reya has finally slowed.
The firm’s 8% top-line growth to £161.3m remains strong but is slower than last year’s 17% hike to £149.4m and resulted in a 9% dip in profit per equity partner (PEP) to £1m. Continue reading “Blistering run comes to an end for Mishcon as PEP falls and revenue growth slows”
Linklaters has posted a mixed bag of financial results as revenue grew by a solid 6% to pass the £1.5bn mark but profits have failed to keep pace, increasing by just 2%.
As the last of London’s big four to announce its 2017/18 results, the revenue increase to £1.52bn means the Silk Street firm is the fastest-growing of the pack in sterling terms this time around, adding £85m to its top line. But profits per equity partner (PEP) rose to just £1.54m as the firm failed to translate the revenue growth into a comparable increase in net income. Continue reading “Linklaters fails to keep pace up with profit growth as revenue breaks £1.5bn”
In its ninth consecutive year of revenue growth, Travers Smith has recorded an 18% uptick in turnover to £146.9m, while profit per equity partner (PEP) also saw a dramatic increase.
The private equity leader’s 2017/18 performance eclipsed last year’s result when revenue inched up 4% against a backdrop of Brexit uncertainty. Continue reading “Travers Smith unveils double-digit revenue growth as profitability soars 24%”
Addleshaw Goddard wants to expand in any possible way and in any possible place following a sustained period of growth and the early signs of a successful Scottish merger.
The firm’s revenue for the 2016/17 financial year was up 23% to £242m from £197m, while profit increased 36% to £87m. Since 2012/13, Addleshaws’ revenue has increased 45%, while profit is up 68% over that same period. Its cash position has also improved £65m in that time, to have reserves of £34m. Continue reading “Addleshaws’ appetite for expansion grows amid strong 23% lift in revenue”
After a year of major international expansion, Clyde & Co has recorded another robust round of revenue growth with the firm’s top line rising 9% to £551.3m year-on-year.
The 2017/18 result means the firm’s revenue has grown by nearly 200% on a ten-year track – Clyde’s turnover in 2008 stood at £185m. Continue reading “Clyde & Co grows revenue for second decade running as profitability sees double-digit increase”
Scottish independents Brodies and Shepherd and Wedderburn have continued to grow despite a backdrop of what both describe as political and economic uncertainty.
For Brodies, a 3% uptick in turnover for the financial year represents its eighth consecutive year of top-line growth, while Shepherd and Wedderburn reported record revenue and profit of £53.5m and £22m respectively. Continue reading “Growth for Scottish independents Brodies and Shepherd Wedderburn as uncertainty looms”
Macfarlanes has grown its revenue 20% to £201.5m in yet another sign of a strong financial year for mid-tier City firms.
Profits per equity partner (PEP) also rose 26% to £1.74m as the firm lifted operating profit 25% to £107m, cementing its position as one of the most profitable operators in the Square Mile. Continue reading “Macfarlanes breaks £200m barrier as PEP grows 26% in buoyant year”
