Revenue at Eversheds Sutherland’s international arm rose by 8% to £827.1m against a 13% rise in net profit in what it dubbed a “milestone” set of financial results.
At £1.6m, profit per equity partner (PEP) rose by 14%, while net profit was £209.4m.
The results mark a step up on the firm’s performance in the previous year, when revenue edged up 3% against a 6% increase in net profit and an 8% rise in PEP.
Keith Froud, chief executive of the top 40 global firm’s international arm, said the latest results were driven by growth across all of the firm’s practice areas and regions, with a “notably strong” performance in corporate finance.
“I’m very pleased with the strong financial progress we have made in the first full year of our Global Strategy 2029,” Froud said. “These results also mark a milestone for the firm, completing a decade of sustained growth in which revenue has doubled and profit has increased by over 150%. They demonstrate the strength and resilience of our business, together with the long-term investments we have made in our people, our capabilities and our client relationships."
The results are in line with those of several of Eversheds’ UK-based rivals, among them legacy Ashurst, which grew revenue to £1.15bn in its last full financial year ahead of its merger to create Ashurst Perkins Coie in June.
Over the course of the year, Eversheds promoted 25 lawyers to partner and hired a record 37 lateral partners, more than double the number in the previous year. Among them was the managing partner of DLA Piper’s London office, IP disputes specialist Ruth Hoy, and disputes hires into its construction team in London from White & Case and DLA Piper.
Froud, who took over as chief executive at the start of last May following an uncontested election, said Eversheds had also continued to ramp up investment in technology over the course of the year, including AI and Gen AI solutions within the business and for its clients.
“The rollout of Harvey has been supported by a programme of in-person training delivered to every lawyer across the firm, ensuring it’s adopted consistently and effectively,” Froud added. “Today, more than 2,000 of our lawyers use Harvey as part of their daily practice.”
Standout mandates for the firm included advising Parker Hannifin as European legal counsel on its $9.25bn acquisition of Filtration Group and its $1bn acquisition of motor speed-controller manufacturer Curtis Instruments. It also advised on the £5.2bn disposal of Barchester Healthcare to Welltower.
The firm also acted in high-profile disputes, including advising Apollo Capital Management on a £2.3bn fraud and insolvency-driven dispute following the collapse of Market Financial Solutions.
“We enter the new financial year with strong momentum and confidence in our strategy, and are ready to ‘go again’,” Froud said. “We will continue to invest in our people, our capabilities and our international platform, ensuring we remain powerful globally and strong locally as we help clients navigate an increasingly complex world and deliver sustainable long-term growth.”
Revenue for the 2025 calendar year for the US arm of Eversheds Sutherland, which was forged in 2017 when the UK’s Eversheds merged with Atlanta, Georgia-based Sutherland Asbill & Brennan, grew 9.2% to a record $503m.
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