Berwin Leighton Paisner (BLP) has revealed that its revenue rose by around 8 per cent in the 2011-12 financial year, climbing to £246m.
Turnover in 2010-11 was £228.4m, up 20 per cent on 2009-10. In 2010-11 the firm’s average profit per equity partner (PEP) also shot up, rising by 56 per cent to £712,000.
BLP has not yet finalised its profit and PEP figures for 2011-12.
Managing partner Neville Eisenberg said that the firm had grown in both London and in its overseas offices in the latest financial year, with the firm’s contentious practices doing best.
“We’re quite pleased with results,” said Eisenberg. “Contentious work across the firm was up 25 per cent while the firm’s offices outside London saw 45 per cent growth, though that’s obviously coming from a smaller starting base.”
Eisenberg also said that BLP’s Singapore office put in a particularly strong performance while the firm’s three newest offices – in Berlin and Frankfurt (19 September 2011) and Hong Kong (17 June 2011) – also began to contribute to the revenue figure.
He added that 2011-12 had been a big year in terms of lateral hires, with the firm taking on roughly 30 new partners. Around half of those new hires were in London and half in international offices. Eisenberg said that in 2012-13 the firm was less likely to make any big investments in terms of new offices, but added that he was keen to bulk up lawyer numbers in its Hong Kong and Germany offices.
BLP also has offices in Abu Dhabi, Brussels, Moscow and Paris.