Profits dipped last year on stable turnover at London firm Kingsley Napley. In the latest results announcement from the legal sector, the practice revealed that it achieved profits of £19.7 million on revenues of £65.8m in the 11 months to 31 March 2025.
The results cover the period in which Kinglsey Napley adjusted its accounting period to align with HMRC's basis period reforms.
Figures on an estimated 12-month basis show profits of £21.5m, down 4.4% on 2023-24, while turnover rose by 5.6% to £71.7m. Estimated profit per equity partner is £405,000, down 13% on the firm's record 2024 figure. The firm said its profit margin is 30%, compared with 31% in 2024.
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Announcing the results, Kingsley Napley said 2024/25 covered the run up to a planned change in leadership, with long-serving managing partner Linda Woollley handing over to Matt Meyer, as well as investments in IT and AI tools.
Meyer said: 'Following our record year in 2023/24, we have been pleased to continue trading at that level. As planned, the last year has been one of consolidation and transition and we are now very well placed for the next phase of our evolution and growth. Over the coming year, our leadership team will be implementing a refreshed strategy which reinforces our identity, offers clear commercial direction and bolsters our reputation in the market in key practice areas.'
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