Turnover at City firm Rosenblatt dipped last year from £13.8m to £13m. Despite this, senior partner Ian Rosenblatt claimed that the firm had performed well considering the economic climate. Litigation continued to provide chunky pieces of work for the firm, contributing £5.9m in revenue. Corporate followed closely behind at £4.6m.
Fat was trimmed in support staff, with a handful of secretarial positions cut. Headcount came down in most areas, with total staff dropping from 77 to 72, fee-earners decreasing from 47 to 41 and lawyers from 37 to 31.
Conversely, the partnership increased from 15 to 18. Cathy Ley came in to head Rosenblatt’s projects, construction and infrastructure team. She joined from the London Development Agency, where she was head of the PPP law team. Elsewhere, Hamilton Forrest joined the tax practice from Fladgate.
Despite the overall dips, Rosenblatt remains optimistic about the future and expects turnover to be up by around 15 per cent this year.