Hammonds' profits soar post-merger

Hammond Suddards Edge has announced its first set of post-merger profits.

Annual turnover was £123m, up £10m from last year's estimated figure. The estimated figures are a projection of what the firm's turnover would have been if Hammond Suddards Edge had existed last year.
The estimated figure is smaller than the combined total of the two firms' 2000 turnover, as recorded in The Lawyer 100 last year. The combined turnovers totalled £121m, and would suggest the merged firm's income has grown only 2 per cent.
A Hammonds spokesman said: “[Combining the firms' totals] would not be an accurate way of assessing growth. The two firms had different year ends last year, so this figure could not be accurate.”
This year, average profits per partner were £310,000. In last year's The Lawyer 100 Hammond Suddards' annual profits per partner were £306,000 while Edge Ellison's were £124,000.