Niche pensions firm Sacker & Partners posted record results in the last financial year, The Lawyer can reveal.
According to limited-liability partnership (LLP) accounts, the 20-partner boutique turned over £15.7m in 2005-06, up £2m from the previous year’s revenue of £13.7m.
Net profit stood at £8.09m, representing a profit margin of 51.3 per cent and giving an average profit per equity partner of £679,000. There were 13 equity partners and the highest-earning made £766,000.
Senior partner Ian Pittaway told The Lawyer: “Pensions are high on the agenda for most companies, whether controlling crippling deficits or doing corporate deals.
“All this activity, plus a raft of interventionist legislation, has filtered through into another strong year for the firm.”
Sackers, Niche Firm of the Year at The Lawyer Awards two years ago, converted to LLP status earlier this year. It is set to be one of the strongest performers in The Lawyer Rising 50, published later this month.