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Bevan Brittan has seen turnover fall for the fifth consecutive year with revenues down 3 per cent to £32.8m, the lowest point since 2007/08.
Turnover has dropped at the public sector focused firm by 21 per cent since a 2007/08 high of £41.7m. Cuts across the public sector have had a knock-on effect on the firm.
Average profit per equity partner (PEP) also dropped 15 per cent to £258,000 from £304,000 in 2011/12.
Managing partner Duncan Weir said the economy is expected to continue to create challenges for the firm going forward.
He explained: “The performance of our litigation and property teams in particular is testament to a sound core business but there is no doubt that lack of infrastructure and services projects impacts both on our public sector clients and many of our private sector clients who wish to win mandates to service the public sector.”
Bevan Brittan has faced continued delays in significant government funding for large infrastructure and services projects.
However, the firm has picked up a number of panel appointments over the last year. Most recently it was reappointed to the NHS litigation authority clinical negligence panel (3 June 2013).
In response to the challenging times, the firm in May launched a redundancy consultation process with three lawyers and six support staff (23 May 2013).