Stephenson Harwood boosts revenue by 23 per cent

Stephenson Harwood’s revenue has swelled 23 per cent to £38.6m for the first six months of the year.

The firm, which made £31.3m in the same period last year, has seen its corporate practice take the lead with 63 per cent growth with other practices also experiencing double-digit growth.

“We have continued to see a strong flow of M&A work and have handled more AIM floats than any other law firm, according to The Lawyer’s AIM Survey,” said chief executive Sunil Ghadia of the results.

The firm’s commercial litigation and real estate practices saw revenue increase by 38 per cent and 30 per cent respectively with the finance practice growing by 20 per cent.

Ghadia also said that the firm’s funds and financial services team has also had a strong year so far.

“We have had 20 new client wins over the last three months,” he said citing clients such as Daniel Stewart & Company plc, KPMG, Lazard Asset Management and British Arab Commercial Bank as examples.