Top IP set 8 New Square has dropped just £290,000 from its turnover this year, despite the loss of David Kitchin QC’s £2m case load following his promotion to the bench last year.
The set made £9.21m this year, down 3 per cent from the £9.5m posted while Kitchin was at his peak.
Senior clerk John Call said members of chambers had to work harder to keep the business ticking after Kitchin’s departure.
“We needed to ensure there wasn’t too much downside and there was a general pulling together,” he said. “Of 24 members, 20 are nearly at full capacity, which is pretty good.”
Call said senior junior James Mellor has been key to the recovery. The set has marketed Mellor as a silk, charging silk rates for his time as lead counsel on cases such as Sun Microsystems’ dispute with Amtec.
Kitchin’s departure was not the first time 8 New Square had to cope with the loss of a leading silk to the bench: Lord Justice Jacob, Judge Fysh QC and Sir Hugh Laddie have all followed that path over the past 15 years.
8 New Square will vote on whether to offer pupil James Whyte tenancy at the annual meeting this week.