Profits up 10 per cent at Burges Salmon

Bristol’s Burges Salmon has reported solid figures for the 2003/2004 financial year, with profits up 10 per cent.

Turnover was up 15.6 per cent to £42.2m from £36.5m the previous year, and profit per equity partner (PPP) rose by just over 11 per cent to £335,000.

A Burges Salmon spokesperson said the results reflect solid performance across all practice areas, in particular projects, corporate finance and property.

Last year, the firm’s projects team celebrated the close of Skynet 5, the largest defence PFI to be completed in the UK, on behalf of its client, the Ministry of Defence, while the firm’s real estate team completed work for Virgin Records and the National Trust on their new headquarters.

The firm is also investing heavily in its environment team, last week hiring former Allen & Overy partner Ross Fairley to co-head the group.