Charles Russell Speechlys reports increased revenues and profits in first full year post-merger
Revenues at Charles Russell Speechlys for the year ending 30 April 2016, the first full year of trading following the merger of Charles Russell and Speechly Bircham on 1 November 2014, rose to £140m, an increase of 4 per cent compared with the firm’s revenues in 2014-15.
Net profit in 2015-16 rose from £25.9m to £31.8m, an increase of more than 20% on 2014-15.
During the course of the year, signficant further progress has been made in integrating the businesses and strengthening the offering to clients.
Highlights include completing the consolidation of all the firm’s London based staff at Fleet Place - remodelling and extending the existing conference and client facilities and staff restaurant, and reducing space by 30,000 sq ft (nearly 20%).
Charles Russell Speechlys has also expanded internationally – most recently growing its practice in Switzerland by appointing three Swiss-qualified partners to its Geneva office – a move which will provide a distinctive offering in Switzerland for integrated English and Swiss legal advice to the Swiss private wealth market.
James Carter, Charles Russell Speechlys’ managing partner, said:
“We have performed strongly in the last 12 months. We set clear financial and strategic goals for the three financial years following the merger and I am pleased that we are on track to meet, and in some cases exceed, the targets we set. ”
“Whilst the result of the referendum will have a impact on business confidence and the legal market, we are fortunate to have a very broad based practice which means that we continue to be well positioned to unlock opportunities and benefits for our clients and for our people. ”