Fieldfisher sees top of equity jump to £2m after strong 2016-17 results

The top of Fieldfisher’s equity has risen to £2m following a strong set of financial results for the firm.

Fieldfisher confirmed that the top of its equity has risen by more than 70%, from £1.159m to £2m.

The firm’s equity spread has also widened at the other end of the spectrum, with the bottom of the equity figure falling 30% from £330,000 to £230,000.

During the course of the financial year, the firm added eight new equity partners. It is not known how many partners are at the top of its equity ladder.

In 2016-17, Fieldfisher saw average profit per equity partner grow by 16% to £640,000, while revenue rose by 34% to £165m.

The growth has been driven in part by a series of office openings, including the February launch of an Amsterdam base staffed by five partners from local TMT specialist firm Kennedy Van der Laan. The same month, Fieldfisher opened an office in Shanghai, following its merger with 12-partner Beijing boutique JS Partners under a Swiss verein in November 2016.

The firm also moved into the Birmingham market via a November merger with Hill Hofstetter, a 19-partner firm that spun off from Reed Smith in 2008.

The international expansion has continued into 2017-18, with the announcement of a launch in Bologna earlier this month with a team of hires from boutique Lucchini Gattamorta & Associates.