Irish firm Mason Hayes & Curran has posted a 5 per cent rise in total revenue for the 2012 financial year, with turnover rising to €44.4m.
The firm, one of the few Irish firms to report its financials, said that it had now achieved 10 consecutive years of turnover growth.
Mason Hayes managing partner Emer Gilvarry said that while conditions remained challenging the firm was seeing positive growth in several sectors including technology, food, energy and financial services.
“These remain challenging times for law firms with clients understandably seeking more for less,” added Gilvarry. “The legal sector is intensely competitive which means we have to give good value to clients and control our own costs. This competitiveness is good for the economy with high levels of expertise and a good range of choice available for the purchasers of legal services in Ireland.”
Last year saw Mason Hayes conclude a number of major projects including representing the Commission for Communications Regulation on the 4G auction, the culmination of four years’ work at the firm.
Other matters include acting for SSE in its acquisition of the entire issued share capital of Endesa; advising the shareholders of Vordel in relation to the sale of the entire issued share capital of Vordel Limited to Axway Software; and advising Norish in relation to the purchase of the entire issued share capital of Townview Foods.
Mason Hayes’ corporate team also advised on the largest technology deal in Ireland last year, the sale of PolarLake to Bloomberg.