Mishcon smashes turnover target with 14 per cent rise to £83.4m

Mishcon de Reya has broken through its £80m turnover target for 2012/13 with a 14 per cent rise, bringing revenues to £83.4m for the last financial year.

Kevin Gold
Kevin Gold

The results follow a 20 per cent turnover increase last year (20 June 2012) and bring three-year growth to 75 per cent, according to managing partner Kevin Gold.

Gold said profit figures had not yet been finalised, but he expected a greater increase in profit figures.

“Each department grew, but the biggest driver across all the departments was hard-core litigation and our private business,” Gold said, pointing to the growth of Mishcon’s private client business.

The results follow a strong half-year for the firm (21 November 2012).

As well as investing in private client, Mishcon is also targeting its international strategy (16 July 2012), recently hiring a partner from Tanzania (12 February 2013).

The firm also recently launched a competition practice with partner hires from Crowell & Moring and DLA Piper (11 March 2013). It also bulked up its private equity practice with two Dundas & Wilson partners (9 April 2013).