National firm Shoosmiths has announced a healthy set of financial results, with net profit and profit per equity partner (PEP) both up at the firm.
According to figures for the financial year 2018-19, net profit grew by 6% to £37.9m and PEP crept up by 2% to £441,000. Revenue also rose to £137.6m, a 7% increase.
Chief executive Simon Boss said: ‘The market continues to be challenging, both economically and politically, but it’s good to see our growth continuing year-on-year.
‘We have had significant growth in all our locations with strong progress in London, Manchester, Leeds and Scotland. Further investment and expansion is planned as we strengthen our presence and teams across the UK.’
Shoosmiths’ announcement is the latest in a series of upbeat financial reports.