The top 20 UK firm announced today (23 May) that revenues hit £186m for the 2007-08 financial year, up from £169m the previous year.
The firm’s tax, corporate and litigation practices drove the growth, with most of the revenue coming from
Commenting on the results, managing partner, Neville Eisenberg said: “Certainly this year we have invested in refubished London premises, in addition to opening small international offices and we have made some recruitment. We are a fast-growing firm and have increased turnover by 82% in the last five years.”
“This is a difficult market but we are feeling optimistic about the coming year.”
Over the last year the firm has worked on deals including fund management and property development group Letterstone’s €1bn (£808m) property investment venture with Starr International. Meanwhile its recent lateral hires include the recruitment of tax partner Michael McKenna from Goldman Sachs and ex-Bevan Brittan banking head Philippa Chadwick
The firm has yet to release its profits per equity partner(PEP) figures but last year reported a 4.8% increase in PEP to £660,000. The firm’s turnover last year grew by 16.6%.
Earlier today, City rival Olswang unveiled an 11% improvement in fee income, with turnover reaching £92.4m
