Revenue down to £71m at Shakespeare Martineau

At £71m, turnover for the newly combined Shakespeare Martineau is down 6 per cent on the £75.6m combined 2014/15 revenue results of legacy Shakespeares (£49m) and legacy SGH Martineau (£26.6m). The firm’s profit per equity partner came in at £207,000. Speaking to Legal Business, Shakespeare Martineau chief executive Andy Raynor said that the December merger had already brought enormous benefit across the board in the newly combined firm in the form of increased opportunities and a widening of the firm’s service offerings. The drop in revenue, he said, comes down to post-merger client conflicts: ‘[There] are limited things that you can’t do simply because there are [client] conflicts and where you effectively have to exclude yourself from the marketplace,’ he commented, adding that the impact of post-merger client conflicts at Shakespeare Martineau was a ‘really small amount’ compared to that of other tie-ups.