Addleshaw Goddard has posted its results for the last financial year and it’s a mixed performance (see story).
PEP was up 5 per cent on the previous year to £426,000 from £405,000. A massive contrast from the previous year when it fell by a third.
This is largely a reflection of the fact that it booked its redundancy costs and moved to a new central London HQ in 2008-09, clearing up its books for last year.
But turnover was still down. The only one of Addleshaws’ four divisions that grew fee income was contentious and commercial.
In particular the contentious practice was boosted by the ongoing Berezovsky litigation while the group’s work on “the world’s worst tennis player” (see story) litigation will have helped.
But with two of the department’s biggest fee-earners – Simon Twigden and Pietro Marino – having announced that they will be leaving Addleshaws in the coming months (see story), questions remain as to whether the firm will be able to count on dispute resolution to boost its coffers next year.