Addleshaw Goddard posted a double-digit revenue jump for the past financial year, making it the ninth consecutive year of turnover and profit growth.
The firm increased revenue 17% to £644m for the financial year ended 30 April, while profit also rose 17% to £262m. Profit per equity partner increased from £1m to £1.1m.
Revenue growth nearly matched the 18% the firm achieved in 2023, after slowing slightly over the past two years to 11% and 12%. The firm attributed the 2026 financial year’s growth to solid performance across its key markets and boosts from new offices in Warsaw and Abu Dhabi.
The total number of partners grew by 8% over that period to 479, while global headcount increased by 9% to 3,216.
Andrew Johnston, Addleshaw Goddard’s managing partner, said: "This has been a year where we have built on the firm’s strong momentum. We have delivered impressive headline growth by strengthening our client relationships, taking increased market share and winning clients in new and existing markets.
“Every part of our business has taken a step forward with strong performances across all of our sectors and markets. Financial services and real estate made a particularly significant contribution, alongside rapid expansion in sectors such as energy and utilities, industrial and advanced manufacturing and technology."
At the beginning of the last financial year AG entered the Central and Eastern Europe market through the addition of Linklaters’ Warsaw office. It also opened a new office in Abu Dhabi in June and moved to new headquarters in the City at 41 Lothbury late last year as it marked its 250th anniversary. The Abu Dhabi opening, which followed its expansion into Saudi Arabia in January 2024, took the firm’s international footprint to 21 offices in Europe, the Middle East and Asia.
Notable client work over the past financial year included advising Advanced Medical Solutions on its £653m takeover by HB Fuller and Virgin Money on the sale of its investment business to Octopus Money. It also advised The Beauty Tech Group on its £300m London Main Market IPO and the UK National Wealth Fund on £36.55bn of debt financing for Sizewell C.
Aside from its client work, the firm noted it had increased its annual staff bonus pot from £19m to £22m, to "meaningfully reward colleagues who are making the most material contributions," Johnston said.
He added the firm had stretched the top of its partner equity ladder to retain and attract the best talent and continued to "invest in the salaries of experienced associates to release compression between grades."
On the innovation front, the firm said its proprietary GenAI tool had received 1.6 million prompts – 6,000 per day. It also opened The Lab, its client collaboration zone, in 41 Lothbury.
The firm will mark its entry into the Dutch market tomorrow when its merger with 17-partner corporate firm Florent goes live.
Email your news and story ideas to: [email protected]
