Charles Russell Speechlys announces 24% international revenue growth
Charles Russell Speechlys reports revenue growth outside the UK increasing by 24% in the year ended 30 April 2022, with firmwide revenue growth of 3%. Net profits grew by 1.3% to £40.1m, generating an average profit per equity partner (PEP) of £526K.
The growth in revenue was driven by supporting clients with their growth plans and new client wins, particularly in Switzerland, Paris, Luxembourg and the Middle East offices. The Firm saw an increase in high-profile work across complex transactional, tax and advisory, and contentious practices for private clients, corporates, as well as private capital-led transactions for individuals with global interests and their family offices.
Simon Ridpath, Charles Russell Speechlys’ Managing Partner, said: “This year, under a continued backdrop of uncertainty and volatility, we have consciously consolidated our investments into developing our IT infrastructure, improved systems and salaries.
“Despite the global challenges, I firmly believe we can influence business confidence. There is impressive growth outside the UK, this aligns with our international growth strategy, and I fully expect this trajectory to continue. When we talk to our clients about their plans, future ambitions, and investment strategies, we are excited to collaborate with them. Together we will continue to unlock opportunities, to protect their businesses and families and deliver their ambitions for growth.”
Charles Russell Speechlys is continually expanding and previously announced the hires of Partner and Head of the Firm’s Business Advisory & Transaction Services Division, David Collins; Dispute Resolution Partner, Madalina-Andreea Dumitrescu; Property Consultant, Alastair Morrison; Head of Trusts, Tom Henderson and Tax Trusts and Succession Senior Counsel, Jeremy Arnold. We anticipate a number of additional lateral hires in the next six months that further reinforces our growth strategy.
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