Two more international firms have reported strong 2024-25 financial results - profit per equity partner (PEP) reaching £3.1 million at Macfarlanes.
Unaudited results from the London and Brussels-based firm show operating profit up 8.8% to £206.5 million on turnover up 10.1% to £371.4m. The PEP figure was 8% up on 2023-24.
Sebastian Prichard Jones, senior partner, said: 'Our transactional practices performed strongly despite a slightly muted market. The UK general election and its aftermath underpinned a standout performance from our private client and tax practices. We were fortunate that our clients remained active throughout, and I want to thank them, and our people, for delivering what turned out to be a good result for us.'
Meanwhile Charles Russell Speechlys announced firmwide profits up 3.7% to £47.5 million on revenue up 11% to £242.3m. Revenue across Asia grew by 80%, the firm said, while UK turnover grew 9% to £190.3 million. Profit per equity partner rose 3% to £681,000.
Simon Ridpath, managing partner, said: 'Internationalisation is key to our growth, with a strong focus on key centres of wealth. We’ve added strategic hires in Europe, the Middle East and Asia, opened a new office in Milan, and invested in innovation and technology to better serve our clients. We’re committed to investing in our people and essential resources for best-in-class client service - a strategy we plan to maintain.'
No comments yet