Eversheds sees H1 revenues rise 7%

LAW firm Eversheds has announced half-year revenues of £184.1m, a 7% increase compared with the same period last year.

The practice, which has a regional office in Birmingham headed by senior partner David Beswick, increased revenues by £11.5m and its net profit margin by £10m.

It said that the strongest-performing areas of its practice were real estate environmental division (up 27%), construction litigation (23%), competition (22%) and financial services litigation (15%).

During the period, the firm also completed a merger in the Middle East which gives it a presence in Abu Dhabi, Amman, Baghdad, Doha, Dubai and Riyadh. International revenues were up 22%.

The firm’s chief executive Bryan Hughes said: “All of our key indicators are positive, with activity and billings ahead of last year. Our strong revenue position has flown down to the margins, with a £10m increase in net profit margin.”

“It goes without saying that market conditions remain interesting, in recent weeks changing almost by the hour. However, we have had a good half-year which gives us a robust platform for the next six months.”