Burges Salmon posts increases in revenue and PEP led by corporate performance

Burges Salmon has posted improved figures for both revenue and profits per equity partner (PEP) for the 2012-13 financial year, with increases of 4% and 1% respectively.

Revenue for the 12-month period ending 30 April totalled £73.7m, compared to the previous year’s figure of £71m.

Meanwhile, PEP nudged up slightly from £418,000 to £423,000 as net profit grew 4% over the course of the year to £23.5m from £22.6m.

Average partner numbers rose from 69 to 75, with average equity partners up from 54 to 56. The firm’s equity spread inched up from £223,000-£495,000 to £229,000-£508,000.

Burges Salmon managing partner Peter Morris (pictured) said: “We are pleased with these results. Our focus on excellent client service, long-term relationships and expertise in a range of key sectors and practice areas has contributed to another successful year.

“Looking at the current year, the firm is well positioned to take advantage of opportunities in 2013-14, although we recognise that the UK legal market is likely to be at least as challenging as it was in 2012-13.”

The firm’s corporate pratice – which works with clients including The Competition Commission, E:ON Ruhrgas, Milk Link and Oasis Healthcare – contributed 38% of this year’s income, followed by disputes on 31%.

Morris added: “We were particularly pleased with the increase in the level of corporate transactional activity and solid performances from many other areas of the firm.”

Last summer, the firm advised Milk Link on its £2bn merger with dairy co-operative Arla Foods in a deal which create the largest operator in the UK dairy market, while also scoring a role on Ofgem’s debut environmental panel.