White & Case: turnover up 20 per cent, PEP stable at $1m

White & Case is predicting a stellar set of financial results for 2004 with an increase in global revenues of almost 20 per cent.

Preliminary figures indicate that global turnover has hit $970m from $811m in 2003, a rise of 19.7 per cent. The result continues a trend of impressive growth for the US firm, which also reported turnover growth of 20 per cent in 2003.

At the same time, profits remain stable at just over $1m.

As revealed by The Lawyer today, the firm’s London office is pulling its weight, unveiling an astonishing 73.9 per cent profit (PEP) hike. Profits have hit the $1m mark in London, up from just $575,000 in 2003. At the same time, revenues in London have increased by more than 42 per cent to $102m.

London chief operating partner Neil Upton said the office was reaping the rewards of a period of heavy investment during 2002-2003.