Paul Jenkins, Managing Partner of Ashurst, said: ‘We have seen a strong performance globally, with increased revenue and profitability. This is a pleasing result in context of the economic and political uncertainty in many of the markets in which we operate. A consistent focus on driving revenue and lifting profitability across the firm overseen by the new management team has been extremely effective…There has been particularly good growth in our projects and disputes businesses. M&A has been especially strong in APAC and the firm has also benefited from the resurgence in the structured finance markets. Overall, APAC delivered impressive results, in particular in Australia and China, and we have also delivered an excellent performance in the Middle East.’

Post Brexit success

Mr Jenkins also said that despite the Brexit-related slowdown in transactional activity in the first half, the company also seen very encouraging levels of activity in the UK. ‘We have also continued to invest in the business, making a number of strategic lateral hires and promoting 19 new partners from our associate team. And we have successfully rolled out our new practice management system.’

Future confidence

There is very positive momentum and confidence in the business on which we will continue to build throughout the rest of the year. By continuing to focus on our clients, efficiency and high performance, I have no doubt we will have another year of success and growth."