Fee income at the top 15
The firm indicated that average profits per equity partner (PEP) are expected to be close to £500,000, which would represent an improvement of around 6% from last year’s figure of £471,000.
The firm’s property, corporate and dispute resolution practices were highlighted as key drivers behind the growth in revenue; meanwhile, banking and insurance saw a 17% surge in turnover and the firm also reported a 20% increase in projects and transactional work.
Commenting on the results, Pinsents managing partner David Ryan (pictured) said: “We have achieved another year of good progress, a third year of double-digit growth, further reinforcing our and the market's confidence that we can continue the successful journey we started [by merging with legacy firm Masons] three years ago.”
He added: “We have achieved this during a period of economic difficulty, so our performance in the last few months is particularly encouraging. In terms of activity, the last three months have been a record for Pinsent Masons.”