Fladgate has posted a provisional 8 per cent rise in turnover for the 2012/13 financial year, with total revenue rising from £25.9m to £28m.
The firm’s results, among the first of the 2012/13 financial year, were achieved partly through the continuation of a recruitment campaign that last year saw eight partners join the CoventGarden-based firm.
The most recent hire has also been announced today, with construction partner Cathy Ley set to join the firm in June 2013 from Rosenblatt, where she is head of the projects, construction and infrastructure team. Her arrival will bring the number of partners in Fladgate’s construction team to six.
Fladgate chairman Charles Wander said in a statement that the appointments reflected the partnership’s confidence in future growth after “another strong year” and illustrated the opportunities for within the firm.
“We anticipate further growth in turnover in 2013/14,” added Wander, who also pointed to “a number of additional strategic appointments” being in the pipeline.
Last year Fladgate’s partner hires included Charles Proctor, a financial services and regulatory specialist from Edwards Wildman Palmer, K&L Gates employment partner Dan Wise, Speechly Bircham private client partner Helena Luckhurst and Olswang construction head David Weare.
Along with its financial results, Fladgate has also announced four internal promotions to its partnership.
The firm said that areas that had been particularly enhanced by new joiners included tax-driven investments including funds and BPRA schemes, while areas more traditionally associated with Fladgate such as real estate investment, leisure and Israel had also been strengthened by the arrival of partners such as Gideon Dabby-Joory and Stephen Lewis who joined from Howard Kennedy and FSI respectively.
The firm’s newly promoted partners are: Fergus Buckley into litigation; Mythily Katsaris into corporate; Darran Smith into real estate; and Alan Wetterhahn into commercial.