Burges Salmon and Bevan Brittan have unveiled robust financial results for 2006-07, with the Bristol rivals both recording double-digit growth in profits.
Profits per partner at Burges Salmon were up 10% to £413,000, with the firm predicting a surge in average profits per equity partner (PEP) of at least 14% when its figures are finalised. Meanwhile, fee income rose by 13% to reach £61.4m, up from £54.2m last term.
Highlights for Burges Salmon in the last year include landing slots on the Government’s new centralised legal panel and the inaugural projects panel of the Nuclear Decommissioning Authority (NDA).
Meanwhile, southwest rival Bevan Brittan saw PEP climb by an impressive 21% from last year’s mark of £193,000 to £234,000. Revenue at the 65-partner firm was relatively static, however, inching up by just 3% to reach £41.1m. Net profit stands at £9.6m.
A spokesman for the firm said: “We are very pleased with the progress we have been making and confidently expect to begin reaping the benefits of our continued expansion.”
Bevan Brittan has focused much of its recent investment in London of late, hiring Lewis Silkin IT partner Sherree Westell, former Diageo senior counsel Adam Duthie and former Stephenson Harwood commercial chief Peter Brazel as partners.
