SJ Berwin has announced a 10 per cent increase in profit per equity partner (PEP) and a turnover hike of 22 per cent.
After the 2005-06 financial year results reported an astounding 27 per cent increase in turnover, this year’s figures represented another strong year, bringing the total to £189m, up from £155m. PEP rose from £711,000 last year to £782,000.
Managing partner at SJ Berwin Ralph Cohen said: “We were all very pleased with last year’s figures and are delighted that 2006-07 has continued with the strong growth. We’ve done well across the board, particularly in real estate and private equity.”
Cohen highlighted the success of the Paris and three German offices for the firm. Both jurisdictions’ offices have developed core strengths in the private equity sphere, he explained.
Last month (14 May) The Lawyer reported on SJ Berwin advising new client Citigroup Property Investors and Arax Properties on their joint €95m (£64.23m) purchase of six properties in North and North East Germany from DAIG Gruppe.
Cohen said: “Germany and Paris both have established offices for SJ Berwin and have done well in the past. The performance firmwide has been great, and in certain offices such as Paris and Germany it’s been exceptional.”