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Holman Fenwick posts 14% turnover increase

Author: Emma Sadowski

Published: 09/07/2008 15:31

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Holman Fenwick Willan is the latest firm to disclose its financial results, with the City firm posting a 14% increase in turnover.

The top 50 firm posted £77.6m in revenue this year, up from £68.3m last year, when the firm saw a 11% increase from the year before.

Meanwhile, the firm saw a 4% hike in profits per equity partner (PEP) levels to £453,000, up from £436,000 in 2006-07.

Holman Fenwick’s litigation practice generated the lion’s share of revenue, accounting for £62.3m of the total turnover, while the corporate and finance practices respectively accounting for £8m and £7m.

The London office, the largest of the firm’s ten offices, saw revenue rise to just below the £50m mark.

In May, Holman Fenwick made up eight lawyers to its partnership, including three at its London hub. The bulk of the remaining promotions came in Asia, with the Hong Kong office gaining two new partners and Shanghai and Singapore picking up one apiece. The firm also promoted one in its Paris office.

Greg Gray, Holman Fenwick managing partner said: "Our results this year reflect our strategy of growing our international commerce offering across all our offices and practices.  The London office turnover has grown well; however, other offices have produced more dramatic year-on-year results and the non-contentious areas of our business have gained important ground."

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