Partner profits at City firm Withers have shot up again this year, following an ‘exceptionally busy’ period for its arbitration and employment teams.
According to figures for the 2020/21 financial year, revenue increased by 11% to £243.7m, while average profit per equity partner rose by 32% to £660,000. This follows a 42% rise in partner profits in 2019/20.
Chief executive Margaret Robertson said: ‘We have seen a really strong set of performances across our teams, with arbitration and employment being exceptionally busy and our private client and tax teams in high demand too. Our corporate teams, with their distinctive focus on the deployment of private capital, have proven their value this year. In addition we have seen really successful collaboration between our international offices, delivering great results on cross-border projects.’
She added the results show that clients ‘continue to seek out our advice on their personal and business issues, even more so when times are uncertain and a trusted adviser is required’.