Pinsents grows on back of McGrigors merger

Pinsent Masons has posted a 4 per cent increase in turnover for the first six months of 2012/13, compared with the same period in 2011/12.

The firm’s turnover for the first half of the financial year was £146m, up from £140m. Pinsent Masons merged with Scotland’s McGrigors on 1 May (6 February 2012) and the 2011/12 half-year figure of £140m was calculated by combining the firms’ discrete turnovers for the first six months of that year, despite McGrigors working to a different financial year.

Pinsent Masons’ turnover for the first six months of 2011/12, without adding McGrigors’ revenue, was £105m, which was up 6 per cent on the previous year (16 November 2011).

In a statement, Pinsent Masons’ managing partner David Ryan said of the firm’s 2012-13 results: “2012 has been an important year for the firm, and we’re already benefitting from the merger with McGrigors and our expansion in Europe and Asia. I anticipate that our enhanced reach and capability will put us in good stead for the second half of the year.”

Other firm’s to post half-year figures so far this year include Ashurst, which was down 6 per cent year-on-year on a like-for-like basis (23 November 2012); CMS, which was flat (23 November 2012); and Allen & Overy, which was down 3 per cent (20 November 2012).