Charles Russell Speechlys reports domestic and international growth across all practice areas
min readCharles Russell Speechlys announces firmwide revenue growth of 13% in the year ended 30 April 2024, including sustained revenue growth outside of the UK.
UK revenues increased by 12% and firmwide net profit increased by 20.5%, from £38.1m (FY22/23) to £45.9m (FY23/24), generating an average profit per UK equity partner (PEP) of £661k.
Simon Ridpath, Charles Russell Speechlys’ Managing Partner, said:
"Our results this year paint a picture of sustained growth and a Firm strategy that is steadily bearing fruit. We have made a number of significant investments since the time of our last results, including a raft of senior lateral hires across the Firm, and the creation of two brand new teams – the Private Office and our Advanced Client Solutions team – to bolster our offering to clients. The fact we continue to see strong revenue and profit numbers and investments back into the Firm bodes well for the future, and we remain fully confident in our strategy.
"Performance and growth outside of the UK also remained strong, with a total international revenue growth of 15%. There were notable contributions from our European offices in Luxembourg, Paris and Switzerland, as well as 30% revenue growth in Asia following numerous lateral hires and the launch of our Singapore office in July last year.
Simon, continues to say:
“Our core focus remains firmly on Private Capital – advising our clients on issues that impact their families, personal and business matters. All of the investments we are making into the Firm are so that we can remain able to support a core of clients who often have highly diverse and complex needs and require a highly personalised approach.
“This comes at a time when the world is seeing rapid and significant change. Issues such as political instability and recruiting and retaining talent remain prominent headwinds, and this is also set against a backdrop of rapid technological development. As the sophistication and capabilities of Artificial Intelligence continue to accelerate, we need to ensure we are keeping pace and delivering value for money to our clients – a task that the launch of our Advanced Client Solutions (ACS) team earlier this year will enable us to achieve.”
Growth – People, Places and Talent
Since the last financial year, Charles Russell Speechlys has welcomed a total of 22 senior lateral hires to the Firm’s Europe, Middle East, and Asia offices. In addition to this were the hires of Marcus Yorke-Long and Joe Cohen, who now head up our new Private Office and Advanced Client Solutions (ACS) teams respectively, both of which were launched during the last period. For a full list of senior hires into our practice groups, please see the bottom of this press release.
“We have had an extremely busy year in terms of senior lateral hires. This is partly down to our continued drive to bring in high-value work, and also a by-product of our Private Capital strategy. The Partners we have taken on board have not only excellent synergies with our existing practice groups, but many have a distinct Private Capital element to their work and track records of advising clients on a range of complex and interconnected issues,” Simon added.
The Firm also demonstrated its continued commitment to, and progress on, DE&I and Social Mobility over the course of the year. For example, all of our UK offices received coveted environmental certifications, and were deemed by the British Standards Institute (BSI) as meeting the ISO14001 standard. We were also recognised as a Top 40 UK employer in the 2023 Social Mobility Employer Index.
The Firm also continues to expand and invest significantly at an international level. Following the launch of a new office last year, the Singapore office was bolstered by the appointment of dispute resolution Partner Peter Brabant in March 2024 and the hire of a new International Tax team in April 2024, headed up by Kurt Rademacher and Ivan Lu.
Senior lateral hires in the year FY23/24:
- Head of International Arbitration in Dubai, Tom Snider
- Luxembourg and international Tax Partner, David Cordova-Flores
- Commercial Partner, Rebecca Steer
- Litigation and Dispute Resolution Partner in Hong Kong, Stephen Chan;
- Real Estate Partner, Emma Carter
- Corporate Partner, Alexis Karim
- Corporate Partner, Giles Dennison
- Banking and Finance Partner, James Walton
- Financial Services Regulation and Funds Partner, Richard Ellis
- Dispute Resolution Partner in Paris, Frédéric Dereux
- Financial Services Regulation and Funds Senior Consultant, Jeremy Bell
- Real Estate Disputes Partner, Andrew Ross
- Dispute Resolution Partner in Singapore, Peter Brabant
- Heads of our new International Tax team in Singapore, Kurt Rademacher and Ivan Lu
- International Private Client Partner, Amira Shaker-Bortman
- Banking and Finance Partner, Philip Withey
- Real Estate Partners, Kim Lalli and Rafe Courage
- Corporate and Commercial Partner in Hong Kong, Shirley Fu
- Real Estate Partner, Nick Burt
- Corporate Restructuring and Insolvency Partner in Dubai, Nicola Jackson
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