Pinsent Masons has posted a 4.7% increase in its revenue for the 2025 financial year to £680m, with PEP growth remaining flat for a second year.
PEP inched up 0.5% to £797k, having dipped slightly in FY24 after gains of 8% and 16% in the previous two financial years.
The results see the firm outside of the trend that has emerged so far this financial reporting season of higher single digit revenue growth alongside modest PEP gains at UK firms, including Simmons & Simmons and Ashurst.
The results are the sixth posted by Pinsent Masons since it revamped its reporting metrics five years ago to cover a wider range of criteria for measuring success to better reflect the firm’s values beyond PEP. The firm measures and assesses its performance against four core metrics – financial success, people, clients and communities.
Laura Cameron, who became Pinsents’ first female managing partner in 2023, said the firm had “focused on deepening our client relationships, enriching our understanding of their strategic challenges and supporting on their most significant instructions”.
She added: “Our latest set of positive results affirm that our strategy is setting us in excellent stead as we unlock the next phase of our growth, internationally.
“We know that clients value our ability to make the right connections across our global platform and thanks to investment in new offices in Shenzhen and Riyadh, we can look forward to continuing to build our cross-border offering and deepening client relationships in new geographies.”
In relation to client focus, over the course of the year, Pinsents onboarded with Heineken as the company’s sole legal provider in the UK and advised long-standing client MFG on its £2.5bn acquisition of more than 700 Morrisons petrol and EV development sites.
On the projects side, the firm advised on Sydney Metro, the largest public transport infrastructure project in Australia, involving the building of a network of four metro lines, 46 stations and more than 100km of new metro rail.
Looking to its people, Pinsents said it had recruited 13 lateral partners over the course of the year and promoted 24 to partner as it sought to build out new offices and invest in its global sectors and practice groups.
Key hires included partner Rena Scott, who joined from Orrick to head the construction advisory and disputes practice in Riyadh, where Pinsents opened an office in March.
Last year, the firm also hired partner Nick Tostivin from DLA Piper to head its London finance team and appointed Barclays’ head of legaltech, Neil Green, as its first transformation director to help accelerate its innovation strategies.
For its communities metric, Pinsents doubled the number of its people conducting pro bono work and built a network of more than 60 pro bono champions.
The firm also offered the highest number of training contracts in the legal sector to students from the 10,000 Interns Foundation, which works to improve Black representation in professional services.
Another highlight for the firm last year was its receipt of approval to open an office in the booming southern Chinese city of Shenzhen.
The office, set to open later this year, will be the firm’s third in mainland China after its bases in Shanghai and Beijing and will focus on China-outbound investment and M&A as well as working with international clients on their China inbound activities, including foreign direct investments and joint ventures.
Commenting on Pinsents’ latest results, senior partner Andrew Masraf said: “In another year marked by geopolitical complexities and uncertain market conditions, our continued growth is a validation of our strategy.
“We’ve focused on enhancing the agility of our offer and, in particular, the ability to deploy expert cross-jurisdictional teams to ensure we can meet our clients exactly where they need us.”
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