Addleshaw Goddard sees income fall
LAW firm Addleshaw Goddard has today announced a 3% dip in fee income for the half year to the end of October.
The firm, which has offices in Manchester, Leeds and London as well as a small, but growing international presence, said the £84m achieved was not unexpected given the economic enviroment and a strong performance by the business this time last year.
Managing partner Paul Devitt said: “We anticipated a slower start to this financial year than last, given how strongly we started last year, and certainly market and competitive pressures remain significant.
“Having said that, we’ve seen good contributions across the business, and we’ve been pleased to see some exceptional wins, higher value assignments and particularly a number of enhanced panel positions which augur very well for the future.”
The firm said recent highlights included acting for new client wealth manager Cheviot, on its acquisition by rival Quilter & Co and advising water company United Utilities on its largest ever single construction project – the £200m Liverpool Wastewater Treatment Works scheme.
Addleshaws also reported “good progress” in Singapore and Dubai, where it has opened offices.