Revenues grow for Pinsent Masons

LAW firm Pinsent Masons has seen revenues rise 3% when compared with the previous year.

Latest figures for Pinsent Masons show the firm achieved revenues of £213m in 2010-11, up from £206m in 2009-10.

The results, which at this stage are unaudited, herald a return to growth for Pinsent Masons. This time last year revenues had fallen 4% although there was a 32% increase in profits per equity partner.

In a statement, Pinsent Masons’ managing partner David Ryan said the results showed the firm had emerged from recession in good shape.

He said this was a reflection of the strategic decisions taken by the firm at the onset of the economic decline. One particular decision, to make targeted investments had proved conclusive, he added.

The firm had also benefited from keeping together its major teams, while it has increased its level of expertise across a range of disciplines.

In conclusion, it said while uncertainty remained over the economy, the firm had a strong platform on which to plan growth.