Headline figures include:
- revenue of £390m, up 4% on the previous financial year;
- profit of £126m, up 6% on the previous financial year; and
- profit per equity partner of £756k, up 7% on the previous financial year.
Jeremy Hoyland, managing partner, commented: “We have seen another year of growth and our financial and market performance continues to be strong. All our regions have achieved good increases in both profit and revenue as we continue to invest in the future of the firm, with Continental Europe and Asia having particularly pleasing years. These results give us a strong foundation to weather the crisis and will help us navigate through the difficult times that no doubt lie ahead. They speak to the dedication and commitment of our people who continue to deliver excellent service to our clients despite the challenging conditions in many of our countries.
The firm has maintained the focus on its four key sectors, which put us in a strong competitive position to develop our relationships with clients in these industries throughout the pandemic and as business recovers. As a firm we have been at the forefront of client services and we are extremely grateful to our clients for their support. Looking ahead, we remain committed to supporting them and our staff, whilst managing our business responsibly."
Strategic highlights include:
- 14 strategic lateral partner hires – including four in London and 10 in our other EMEA offices. We have recruited 32 partners in EU27 in the last three years, reflecting the strategic priority of rebalancing the firm in light of the UK’s departure from the EU
- promoted six lawyers to the partnership. Of the six promoted, four were women
- acquisition of Wavelength
- another year of successful revenue growth for Adaptive - the firm’s flexible resourcing platform - with income up 25% over the last 2 years