International expansion moves ahead for £382m-turnover law firm
LAW firm Pinsent Masons has released its unaudited results, returning £382.3min revenues across its global operations.
Full accounts unavailable, but the firm did say that profit per equity partner reached £550,000, with 400 partners in the business.
This represents 5.5% revenue growth on the previous year.
In the region the firm advised Leeds City Council on the first planning application within the East Leeds Extension and associated new road, LDC on the management buyout of Yorkshire brand Seabrook Crisps and acting for E.ON on the disposal of stakes in Rampion Offshore Wind.
John Cleland, managing partner at Pinsent Masons, said: ” We have a good deal of momentum in the business and our focus now is on supporting clients based in the UK and elsewhere through what is likely to be a volatile and unpredictable trading period.
“The year ahead is hard to predict, however our strategic focus on industry sectors, international platform and broad practice mix means our business is exceptionally well-placed to help clients respond to what lies ahead.”
Chris Booth, head of Leeds office, said: “It has been a positive year in which we have reaped the rewards of a strong performance internationally, helping many of our clients in the region to achieve their commercial objectives at home and abroad. Our clients continue to see the benefit of having a truly international law firm, with deep sector specialisms, on their doorstep. We are well positioned to support our clients during the uncertain period ahead – the firm’s vision to become an international market leader in key global sectors will continue to benefit our local client base.”
The firm has launched offices in Sydney, Melbourne and Dusseldorf.
It also acquired a majority stake in Cerico, the cloud-based regulatory compliance solutions business, and rolled out proprietary artificial intelligence software in diligence and matter management.
The firm also made 18 partner promotions, and appointed its inaugural external Board member, Pauline Egan, and first chief operations officer, Alastair Mitchell.
