Profit per equity partner at Fladgate topped seven figures in 2024/25 - a new record - as the London firm’s breakneck growth continued.
One of the first leading firms to issue financials as the results season gets under way, Fladgate today posted a 17% rise in income to £88m for the year to 31 March. PEP climbed 20% to over £1m, in what was the first year of a three-year business plan.
All staff (excluding partners) were paid a profit-share bonus of £2,500.
Managing partner Grant Gordon described the 17% income rise as is a ‘milestone’ against the ‘backdrop of a complex and uncertain market environment’. He added: ‘Our focus on private capital work, involving all key transactional teams has been central to this success, underpinned by standout performances from our dispute resolution and advisory teams. With Disputes revenue up by 28%, it’s evident that our strategy is unlocking real growth potential.’
The 370-person-strong business is ’well ahead of schedule’ with its plan to hire a total of 24 new partners in key practices by 2027. Fladgate has made 17 lateral partner hires since 1 April 2024, including nine from the now defunct Memery Crystal.
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