Pannone aims to break £50m turnover barrier

Pannone & Partners has announced 22 per cent revenue growth at the half-year stage, with income for the full year predicted to reach £52m.

Total turnover was up to £25.9m in the first half of this year, up from £21.2m during the same period last year. During the 2006-07 financial year the firm saw a 17 percent increase to £44.5m.

The hike in profits was driven by substantial fee increases of between 10 per cent and 54 per cent across all work types, according to managing partner Joy Kingsley. The Manchester law firm saw significant growth in the regulatory sector.

Throughout the period the firm gained an instruction on the Sellafield enquiry and also bagged a place on the litigation panel of Citifinancial.