UK firm’s topline hits £466m in year marked by large team hires and redundancies
Robust start to the year was supported by higher billing rates, though fastest growth was at the largest firms, according to Wells Fargo survey
Profit also falls, though PEP remains flat amid year of ‘choppy economic and market conditions’
Turnover rises 11% to £550.9m as firm continues Europe and Middle East expansion
Transatlantic firm unveils ‘robust’ results and points to investment in people and technology
PEP rises 0.5% to £797k having dipped slightly last year
Turnover jumped 7.5% driven by growing domestic footprint and new partner hires
UK-headquartered firm grows profit per equity partner 3% in year to end of March as revenue inches up 1% to £385m
Firm points to North America as fastest-growing region as revenue reaches £854m
Firm highlights corporate practice as biggest contributor as topline grows 5.9% to €2.07bn
Helen Drayton re-elected unopposed following UK firm’s 16th consecutive year of growth
Latest results continue long-term growth trend, with profits increasing more than 70% in five years
Overall revenue hit €547.5m while UK business saw PEP push through £800k for the first time
Modest topline growth accompanied by 8.6% rise in PEP to £1.4m
UK Magic Circle firm says US revenue grew 50% over last two years; PEP edges up