Addleshaw Goddard posted a double-digit revenue jump for the past financial year, making it the eighth consecutive year of turnover and profit growth.
The firm increased revenue 11% to £550.9m for the financial year ended 30 April, while profit edged up 6% to £224.1m. Profit per equity partner was £1m. Despite the strong performance, revenue growth slowed for a second year in a row, having accelerated at 12% in 2024 and 18% in 2023. The firm attributed the 2025 financial year’s growth to solid performance across its key markets and boosts from new offices in Madrid and its first full year in Riyadh.
The total number of partners grew by 9% over that period to 444, boosted by 59 new partner hires and promotions. Global headcount also increased by 6% to 2,952.
Andrew Johnston, Addleshaw Goddard’s managing partner since May 2024, said: “It has been another strong year for AG and we are pleased with the financial results, as well as the progress that we have made in evolving the firm’s growth strategy… Our year-on-year revenue and profit growth as well as our robust cash position has allowed us to continue to invest significantly in our people, offices and innovation, whilst enhancing the services we offer to our clients.”
In addition to opening in Madrid in May last year, the firm also entered the Central and Eastern Europe market through the addition of Linklaters’ Warsaw office in February. It also opened a new office in Abu Dhabi in June, moved to new premises in Dublin in January and plans to move to new headquarters in London later this year to mark the firm’s 250th anniversary. The Abu Dhabi opening, which follows its expansion into Saudi Arabia in January last year, takes the firm’s international footprint to 21 offices in Europe, the Middle East and Asia.
Notable client work over the past financial year include advising Nationwide Building Society on its £2.9bn acquisition of Virgin Money and Coventry Building Society on its £780m acquisition of The Co-Operative Bank. It also advised Guardian Media Group on the sale of The Observer to Tortoise Media and Applied Nutrition on the largest consumer IPO in the UK since 2021.
Aside from its client work, the firm was ranked 11th in the Social Mobility Foundation Employer Index, up from 36th the year before. It also clocked up a 17% rise in firmwide pro bono hours, valued at £5.4m.
On the innovation front, the firm said it adopted legal AI platform Legora as part of its strategy to integrate generative AI tools across its legal operations.
The pace of Addleshaw’s revenue growth outstripped UK rivals such as Pinsent Masons and Simmons & Simmons, which saw turnover rise 4.7% and 7% – though both firms’ revenue remained higher at £680m and £615m respectively.
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