Profit per equity partner at Stewarts declined last year, despite the high-end litigation firm posting a double-digit percentage rise in fee income.
Unveiling what it described as a ‘solid set of financial results’, the City of London outfit posted a 10% increase in revenue to £122.1m for the year to 30 April.
PEP averaged £1,663,984, down 12.6% on 2025, and ranged from £787,625 to £2,225,763. Net profit dipped 1.6% from £39.3m to £38.6m.
Managing partner Stuart Dench said: ‘We continue to add strength and depth to our practice areas and build an infrastructure to support our market-leading teams. We have made substantial investment in our offices, IT and continue to invest in DBA and CFA cases for our clients. As a disputes law firm our results will continue to be non-linear. As a specialist, not a generalist, firm, it is critical that we continue to build market-leading teams with the depth and scale needed to meet growing client demand. While firmly rooted in the UK, we are significantly expanding our international reach and client base.’
The firm said it strengthened the partnership in 2025-26 through a combination of internal promotions and targeted lateral hires, ‘reinforcing depth across key practice areas and markets’. It also sustained ‘significant investment’ in its technology capabilities, including the development and deployment of AI-enabled tools.
Stewarts has over 490 people and 100 partners working from offices in the Fleet Street quarter, London, and Leeds.
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