Charles Russell Speechlys reports increased revenues and profits
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. ”