Profit was up 7.2 per cent to £278m, a 20 per cent jump over two years from £232m in 2013/14, while average profit per equity partner rose almost 5 per cent to £840,000. This represents a slightly slower growth than in 2014/15, when PEP was up 8 per cent to £801,000.
$100bn cross-border deals
Joint CEO Sonya Leydecker said the financial results marked ‘the third consecutive year of significant progress for the firm,’ adding that a highlight was the performance of the global corporate practice, which advised on 100 cross-border deals worth $100bn. This included advising China’s Silk Road Fund on its €1bn acquisition of a stake in a Russian energy project, advising CMOC on its acquisition of a majority interest in Tenke Fungurume for $2.65bn and representing Element Financial Corporation on its $6.9bn acquisition of GE Capital.
Panel appointments
The firm also increased its number of panel appointments by 21 to 161 in the last financial year and now sits on the legal panels of Weir Group, National Grid, Bank of Queensland and British Land for the first time.
Source: The Lawyer
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