Charles Russell Speechlys reports strong financial results with continued international growth
Revenues at Charles Russell Speechlys for the year ending 5 April 2021 rose 8.6% to £173m. In the same period, net profits rose by 37.6% to £39.6m, generating an average profit per equity partner (PEP) of £533K - an increase of 40.2% on the prior year.
The growth in Revenue was driven by supporting clients with growth plans and new client wins. Including high profile work across transactional, advisory and contentious practices for corporate clients, private capital led transactions and complex advisory and contentious matters for individuals with global interests and their family offices.
Simon Ridpath, Charles Russell Speechlys’ Managing Partner, said:
"Despite the challenges of unprecedented circumstances during the last full financial year, the Firm’s financial performance was strong. I am extremely proud of our people in the way they have supported our clients and each other.
"We have adapted quickly to different ways of working and put clients at the heart of everything we do. This meant we have been able to continue to deliver the highest quality of advice and service to our existing clients and continue to work with new clients on complex and challenging projects around the world.
"Having recently completed our most comprehensive client listening exercise to date, we are now refining and evolving our strategy, to ensure we share our clients' ambitions for growth and aim to achieve those goals together in the years to come."
Earlier this year, Charles Russell Speechlys formally announced the growth of the private wealth team, with the hire of an international tax team, led by new partner Robert Reymond, several new appointments across the Firm’s international office network and five partner promotions in the UK.