Half-year results: Addleshaws posts 13 per cent turnover hike

Addleshaw Goddard is predicting average profits per equity partner (PEP) of £400,000 after the firm posted a 13 per cent increase in turnover in the first half of the year.

During the last full financial year Addleshaws’ PEP after exceptional merger costs was £302,000 (the PEP before exceptional costs stood at £321,000).

The firm’s turnover for the first six months of the 2004/05 financial year jumped from £59m to £66.7m.

If the current increase in turnover is sustained Addleshaws predicts turnover to increase to £140m by the end of the financial year. Last year Addleshaws turned over £125.2m.