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28 June 2010 | By Andrew Pugh
14 July 2008
8 June 2009
9 July 2012
12 June 2007
13 July 2012
Herbert Smith has posted small increases in turnover, profit and average profit per equity partner (PEP) for the 2009-10 financial year.
Turnover rose by 1.3 per cent to £449.9m, up from £444m in 2008-09, while PEP rose 2 per cent from £845,000 to £862,000.
After posting a disappointing 21 per cent drop in profits in 2008-09 (8 June 2009), this year profit figure rose 1.3 per cent from £115.7m to £117.2.
Corporate was the biggest contributor to global revenues, bringing in £199.5m of fee income. The firm recently landed a key role advising BSkyB in its £7.8bn takeover by News Corp (15 June 2010).
Litigation produced the highest revenues in London at £127.3m. London continues to be by far the biggest revenue generator for the firm with £311.1m in turnover, up from £305.7 last year.
Staff levels also remained fairly static with global partner numbers rising from 238 to 253.
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