Addleshaws’ City banking team holds its own

Addleshaw Goddard‘s turnover increased by 10.6 per cent, hitting £195.4m after last year’s £176.7m.

The biggest earner across the firm’s four divisions was the contentious and commercial group, which brought in £57.9m.

Real estate had the slowest growth, with turnover up by 2 per cent to £55.7m.

Managing partner Mark Jones said the finance and projects group and the corporate London group were identified as priorities at the start of the financial year.

Corporate grew by 13 per cent to £41.7m, while finance and projects was up by 16 per cent to £40.1m.

Despite the credit crunch, the ;strongest ;growing sub-group was the London banking department.

Average profit per equity partner increased above the £560,000 budgeted for to hit £586,000.

For more on the financial results at all the top firms as they come in, see our Top of the PEPs 2008 blog here