Profits at international firm Eversheds Sutherland have taken a hit this year, though revenue has risen, the firm’s latest results show.
The figures for the year ending 30 April, which do not include the newly established US side of the business, show revenue of £438m, compared with £405m last year.
Net profit was £84.1m, a decrease of 4% on last year’s figure, while profit per equity partner fell by around £14,000 (2%) to £726,000.
Lee Ranson, the firm’s chief executive, said the results demonstrated ‘solid progress’.
‘To have turned in this kind of result against the backdrop of Brexit and continued political and economic uncertainty in many of our key markets speaks to the strength and resilience of our business. Continued strategic investment in people, recruitment and, most notably, our US combination led to an anticipated slight dip in profitability,’ he added.
Earlier this year, the firm agreed a merger with US firm Sutherland Asbill & Brennan.
The new firm, Eversheds Sutherland, has 2,300 lawyers in 29 countries.