Addleshaws sees half-year turnover rise 11 per cent

Addleshaw Goddard has posted revenue of £86.6m for the half year period – 11 per cent up on the same period in 2010-11.

In a statement, managing partner Paul Devitt said: “It’s been a very good performance in the year to date with important client wins, improved panel positions and significant new assignments across the business. It’s great to see our continued investment in client relationships and chosen sectors paying off in that way.

“There is, as we all know, increased market and economic turbulence. However, we have a strong and improved platform and I’m optimistic about where our potential can take us.”

Revenue for the first half of the 2010-11 year was £78.1m, which represented a four per cent drop on the previous year. The firm blamed the drop to its decision to pursue cases on a “no win no fee” bases.

At year end for 2010-11, turnover at Addleshaw Goddard had fallen 3 per cent on the 2009-10 financial year, while net profit dropped 17 per cent over the same period (24 May 2011).