Law firm increases profits
PROFIT per equity partner at Addleshaw Goddard has increased to £586,000 after the law firm increased its annual income by 11%.
The firm, which has offices in Leeds, London and Manchester, saw income increase to £195.4m for the year ended April 30, enabling equity partner profits to rise by 8% from £542,000.
Addleshaw Goddard’s contentious and commercial, corporate, finance and projects and real estate divisions all brought in income of more than £40m over the year.
Mark Jones, managing partner of Addleshaw Goddard, said: “It has been a solid performance for us this year in very challenging market conditions. We have hit our budget profit figure for the year and experienced growth in most parts of the business, and we are on target to meet our strategic aims.
“In that context, I regard it as particularly important that we maintain our year on year progress. Over the last few years, our compound annual income growth has been 12% and our compound annual profit growth 17%. We are demonstrating an ability to maintain our development on a sustained basis.”
The firm has 179 partners, more than 500 other fee earners and 1,400 staff in total.
