Revenues climb at Addleshaw Goddard as it launches new offices
Law firm Addleshaw Goddard, which employs more than 700 people at its Leeds office on Sovereign Square, has announced revenue of £496m for the past financial year, representing growth of 12%.
The firm says its performance was driven by office openings in Germany, Middle East and Spain, alongside material investments in tech, core practices and priority sectors.
UK income grew by 11% in line with the prior year and total profit for the financial year was up 14% to £210.5m.
Andrew Johnston, managing partner, said: “These results show us continuing our positive trajectory with higher revenues, improved profitability and strong cash position.
“We saw growing client demand across a number of service-lines, particularly in areas we have been investing in such as Funds, Restructuring, Global Investigations and Financial Services.
“AG’s continued momentum and strong balance sheet places us well to invest further in key markets, practice areas and sectors globally.
“The diversified nature of our business, coupled with our international expansion and other strategic investments, particularly in innovation and technology, means we are better placed than ever to support and service clients wherever they are doing business.”
Lucy Sturrock, head of the Leeds office, added: “This has been another very strong year for Addleshaw Goddard in all of our markets, not least in Yorkshire from where our teams service clients regionally, nationally and internationally.
“Our people are renowned for doing the highest quality work across our practice areas and sectors, and we are committed to remaining the pre-eminent law firm in the region.
“Next year will be a special one as we mark our 250th anniversary in the city of Leeds and we aim to make it a successful year on all fronts.”
Significant matters which AG advised on over the past financial year included Asda’s £2.3bn acquisition of EG Group’s UK and Ireland fuel, foodservice, grocery and merchandise business, and the sale of British Land’s 50% stake in Sheffield’s Meadowhall Shopping Centre for £360m.
