Fee income up at Pinsent Masons

NATIONAL law firm Pinsent Masons has reported a 4% rise in fee income for the year to end of April.

The turnover figure of £221m does not include any contribution from smaller rival McGrigors – with which it merged on May 1.

Incorporating the recent financial results for McGrigors – which had a different year end –  the turnover for the combined firm in the last 12 months was £295m.

Commenting on the financial figures national managing partner David Ryan said: “Our results show that we are continuing to perform strongly in a difficult market.

“The continued investment in our staff and infrastructure has increased our ability to respond to changing client demand.  The merger with McGrigors built on this, and as a combined firm we are in a strong position for growth in the coming years.”