Charles Russell Speechlys reports increased revenues and profits during year of merger
23 July 2015
Revenues at Charles Russell Speechlys for the year ending 30 April 2015 rose to £134.5m, an increase of 3.5 per cent compared with the combined revenues of Charles Russell and Speechly Bircham in 2013-14. Charles Russell and Speechly Bircham merged on 1 November 2014.
Net profit in 2014-15 was also up - at £26.3m - notwithstanding the impact of the merger related costs and a significant investment programme in IT systems post-merger. Average profit per equity partner, before merger related adjustments, was £320,000.
James Carter, Managing Partner at Charles Russell Speechlys, said:
“In a year of very significant change for the firm, we have performed strongly. We set ourselves a number of goals, financial and strategic, for the three financial years following the merger and I am pleased that we are on, and in some cases ahead of, target. Nine months in, the merger is unlocking opportunities and benefits for our clients and our people.”
For more information, please contact Jasmine Dillon Head of Marketing Communications on +44 (0)20 7203 5343.