Revenues rose to £134.5m, an increase of 3.5 per cent compared with the combined revenues of Charles Russell and Speechly Bircham in 2013-14. Charles Russell and Speechly Bircham merged on 1 November 2014. Net profit in 2014-15 was also up at £26.3m, notwithstanding the impact of the merger related costs and a significant investment programme in IT systems post-merger. Average profit per equity partner, before merger-related adjustments, was £320,000.
Strong performance
James Carter, managing partner at Charles Russell Speechlys, said: 'In a year of very significant change for the firm, we have performed strongly. We set ourselves a number of goals, financial and strategic, for the three financial years following the merger and I am pleased that we are on, and in some cases ahead of, target. Nine months in, the merger is unlocking opportunities and benefits for our clients and our people.'
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