French corporate powerhouse Bredin Prat has boosted its turnover by more than10 per cent in 2003.
Turnover is up 11.4 per cent from €35m (£23.9m) in 2002 to €39m (£26.6m) for the financial year ending 31 December 2003.
Bredin has grabbed its usual share of France’s biggest deals, kicking off the year advising Crédit Agricole on its €19.5bn (£13.32bn) acquisition of Crédit Lyonnais, and ending it advising on the €48bn (£32.78bn) hostile takeover of Aventis.
Bredin boosted its lawyer count by 10 to 57. Most came from CMS Bureau Francis Lefebvre when Bredin took on a six-lawyer tax practice.
The recruits have inevit-ably had an initial effect on fees per lawyer, which sank by 8 per cent, from €744,000 (£508,200) to €684,000 (£467,200).