PEP up 3% at law firm Squire Sanders Hammonds
LAW firm Squire Sanders Hammonds has posted a 3% increase in Profit per Equity Partner to £375,000 in the year to April.
The firm, formerly known as Hammonds until the merger in January with Squire Sanders of the US, said the bottom line had grown despite flat fee income of £118m.
Peter Crossley, the firm’s European managing partner, said: “We are satisfied with our performance in what has been a year of major investment in bringing together Squire, Sanders & Dempsey and Hammonds and launching as a combined firm in January.
“With this set of results we have a solid platform on which to continue to build our global practice and position ourselves for future growth.”
Crossley said the merger had been well received by clients; “giving us even greater confidence that the investment decisions we have made will stand us in good stead.”
Highlights for the Manchester office include hosting the enlarged firm’s global board meeting in June and acting on a number of key regional deals.
These include investment bank Goldman Sachs’ $70m investment in Daresbury software developer AppSense and the sale out of administration of bed manufacturer, Silentnight.
Notable appointments include hotels expert Chris Eddlestone and the promotion of banking lawyer Matthew Ingram to the partnership in May.
