The growth takes the firm’s turnover figure up from £176.7m for 2006-07 to a new high of £195.4m.
The contentious and commercial practice came through as the main driver bringing in £57.9m while real estate came in a close second accounting for £55.7m. Elsewhere, corporate and the finance & projects practice attributed £41.7m and £40.1m respectively.
Meanwhile, profits per equity partner (PEP) increased by 8% from £542,000 to £586,000.
Addleshaws’ managing partner Mark Jones said: “It has been a solid performance for us this year in very challenging market conditions. We have hit our budget profit figure for the year and experienced growth in most parts of the business, particularly our London corporate and banking teams (29% and 37% growth respectively), and we are on target to meet our strategic aims."
He added: “In that context, I regard it as particularly important that we maintain our year-on-year progress. Over the last few years, our compound annual income growth has been 12% and our compound annual profit growth 17%. We are demonstrating an ability to maintain our development on a sustained basis.”
The firm is currently preparing to move the bulk of its