Kennedys posts 9 per cent revenue hike

Kennedys has recorded a 9 per cent increase in turnover, from £109m in 2011/12 to £117m for 2012/13.

Last year Kennedys announced growth figures of 11.6 per cent at the 2011/12 year end, breaking through the £100m boundary.

This year’s growth does not include a £10m boost to turnover from Kennedys’ merger with aviation practice Gates & Partners last month (31 May 2013).

The firm said the increased turnover had been achieved through its international network and lateral hires.

Kennedys senior partner Nick Thomas said in a statement that the firm had weathered the challenging economic climate by a strategy of providing added value to clients in each sector.

“I expect this strategy to lead to further expansion in the coming 12 months as we invest in our network to be in the places our clients need us to be. The merger with Gates & Partners should be seen as a signal of our intent,” he added.

In 2011 Kennedys merged 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).

The firm is also in ongoing talks to tie-up with Scottish firm Simpson & Marwick (21 November 2012).