Eversheds has reported an increase in revenue and PEP for the 2013-14 fiscal year. sdecoret
Eversheds has announced a two per cent increase in top line revenue for the 2013-14 fiscal year. The firm reported an uplift in profits with net profit increasing one per cent year on year to £86.2m with a 22 per cent increase in bonuses for employees. PEP also increased for the firm by 14 per cent to £729k, according to the press release from the firm. Investments made throughout the year saw over £30m committed to investments in key areas, which makes up about eight per cent of the revenue. The areas included expanding its international operations in Asia, Middle East and Africa and in IT infrastructure projects to support service delivery across global operations.
The firm reported a number of areas that experiencing growth throughout the 2013-14 fiscal year, including performances in the financial institutions and transport sectors. Revenue in the London office of the firm increased seven per cent, and revenue in the Middle East and Asia has also increased. Eversheds' Chief Executive Bryan Hughes said in the press release: 'Looking forward, if the recent upturn in transactional activity continues, we expect to further improve upon our financial position this year.