Commercial and private client specialist Fladgate has kicked off what is expected to be a buoyant top 100 results season by announcing a provisional rise of 17% in profit per equity partner.
Income climbed by 14% to £37m in the year to 31 March, with PEP up from £540,000 to £630,000, the Covent Garden, London firm said in a statement.
Chairman Charles Wander hailed the results as ‘excellent’, adding: 'Our goal is to offer clients the ever-increasing specialist support and strength in depth required for non-commoditised complex matters, while retaining the ethos and collegiality which are a key part of our success.
'We anticipate a further increase in turnover in 2015/16 and beyond.’
Fladgate appointed two new partners from 1 April: Gavriel Cohen (real estate) and John Forde (tax), both of joined the firm as trainees.
The firm also also announced a lateral partner hire from Trowers & Hamlins, Digby Hebbard (construction), bringing the number of partners in the construction and projects team to nine. Further ‘strategic appointments’ are in the pipeline, the firm said.