Half year figures: Ashurst up by 28 per cent

Silver circle firm Ashurst is celebrating a record first six months after preliminary figures showed the firm was up 28 per cent on the previous year.

According to an internal announcement made earlier this afternoon, the firm turned over £117m at the half-year stage, compared to £91m the preceding year.

Managing partner Simon Bromwich said that all areas did well, but said that corporate and equity capital markets were particularly busy and that the firm’s German practice was undergoing a resurgence.

Bromwich told The Lawyer: “I’m really pleased – it’s genuinely across the board, in every practice area and geographical location.”

“The nice thing is that if we can keep it up it opens up more possibilities for us, and it makes recruitment easier. If the second half of the year can match the performance in the first six months we’ll produce a very good result.”

The figures mark a step-change for the firm, which only managed to post a six per cent rise in revenues from 2004-05 to 2005-06.

The full financials from 2005-06 saw Ashurst equity partners earn an average of £701,000 on revenues of £214m, putting them 11th in The Lawyer UK100 revenues table and 13th in the average profit table last year.