Charles Russell Speechlys reports solid growth ahead of international expansion
Revenues at Charles Russell Speechlys for the year ending 30 April 2017 rose three per cent to £144m. In the same period net profits rose from £31.8m to £33.8m, generating average profit per equity partner (PEP) of £426k - an increase of eight per cent on the prior year.
James Carter, Charles Russell Speechlys’ managing partner, said:
“The results are pleasing. With less than ten per cent of our turnover overseas last year, we enjoyed little benefit from the weaker pound, but after a slow start to the year following the Brexit referendum, activity levels picked up from September and we enjoyed a strong end to the year. The improved profitability reflects the continuing re-shaping of the business.
“In addition to our six partner promotions this year, we made several appointments in the UK, Switzerland, and Luxembourg across the firm's key practice areas, alongside the two new office openings.
“We will continue to identify opportunities to grow the firm's market presence and reputation. This reflects the partnership's confidence in the future and our commitment to strengthening our offering for the benefit of our clients. Our recent Middle East expansion and first foray into South East Asia position us well to meet both the personal and business needs our clients have across the globe.”
Earlier this month, Charles Russell Speechlys formally announced new offices openings in Hong Kong and Dubai, with two new partner appointments in each office.