The firm has reported a 19% hike in revenues, taking turnover to £85.3m up from last year’s figure of £71.7m.
Meanwhile PEP has jumped by 17% taking the figure to £620,000 up from £530,000 last year. It is the fifth year in a row that PEP has increased although the two previous years saw profits grow by 30% and 45.5% respectively.
Stephenson Harwood highlighted commercial litigation as one of its star performers for the 2007-2008 financial year, with revenues for the group increasing by 40%. This came on the back of instructions including a securitisation litigation case for IXIS Corporate & Investment Bank, against Terra Firma, WestLB and CIBC.
Meanwhile, the corporate group saw revenues increase by 39%, with finance growing by 34% internationally.
Outside its
Sunil Gadhia, the firm’s chief executive, commented: "This has been an outstanding year for Stephenson Harwood, for which people across the business have worked exceptionally hard.”
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