UK top 200 ranking: 86
Single-office London firm Forsters posted a 13 per cent rise in turnover for the 2011–12 financial year, its second consecutive year of double-digit growth. Turnover increased by £3.3m, to hit £28m from £24.7m in 2010–11.
Average profit per equity partner (PEP) also saw double-digit growth, rising by 10 per cent from £365,000 the previous year to £402,000.
Forsters is budgeting for an 11 per cent revenue growth target for 2012–13 and aiming to increase PEP to £440,000. This growth is expected to be primarily organic and the firm will continue its focus on its two core areas of property and private client.
In April 2012 the firm promoted two lawyers, Lucy Barber and Chris Myers, to partners in the residential property team in a bid to further grow this practice.
Compared to five years ago private client revenue has more than doubled, from £2.8m to £6m. The growth in the private client practice was a result of the firm’s investment five years ago when it hired a group of partners from various firms, according to managing partner Paul Roberts.
In October 2012 partners and staff at the firm mourned the loss of former senior partner Sophie Hamilton, who played a key role in setting up the firm in 1998.
Overview31 Hill Street
Turnover (£m): 28
Total Lawyers: 105