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Kennedys has announed preliminary growth figures of 11.6 per cent at the 2011-12 year end, breaking through the £100m barrier with turnover of £108m.
Senior partner Nick Thomas commented that all practices had achieved targets of 10 per cent across its geographical office base. “Turnover is expected to be £108m but probably will end up being a little more than that,” Thomas said.
The firm kickstarted the year by expanding its Latin America presence through an alliance with Brazilian firm Torres Marcellino & Associados (TM Law) while expanding its network of associated offices to include Chilean firm Acuña & Cia and Mexico’s Solis Marin (6 June 2011).
The firm’s strategy is to push international growth through alliances that later become mergers. In 2011 the firm did just this with its Dublin-based associate firm O’Hare O’Connor Walshe (OHOCW) creating Kennedys Ireland (1 June 2011). This came shortly after the merger with Portugal-based associate office Almeida & Athayde to launch Kennedys Portugal (2 March 2011).
Kennedys elected Thomas to a fourth term at the helm (13 January 2012). This comes after five years of solid growth with turnover increasing 110 per cent since 2007-08 from £51.5m.
The firm has also unveiled its latest promotions round, adding four to the partnership in the UK and one in Hong Kong - one more than last year.
The professional indemnity practice is boosted by three partners. Hannah Cane and Kirsten Valder are promoted in the City while Patric Rouendaal has been promoted in Brimingham. Sally Morris-Smith, meanwhile, will join the London property partnership.
Thomas said: “These appointments demonstrate Kennedys’ commitment to developing talented lawyers from within the firm.
“With Hannah, Kirsten and Patric we are delighted to recognise the contribution of a rising generation of stars. Sally joins the partnership having helped build our commercial property practice through working closely with partners and clients in London and a number of our regional offices.”
In Hong Kong dispute resolution partner Mark West, who also acts in professional indemnity litigation, has been promoted.