Holman Fenwick Willan (HFW) has made three partnership promotions as it continues to invest in international commerce.
The firm has been snapping up partners and entire practice teams from rivals to strengthen its global position. Last year it enjoyed a 13 per cent increase in total turnover to £112.5m – mainly due to expanding its international presence.
The internal promotions are across core sectors of focus for HFW, including aviation, insurance and logistics. The firm says the announcement – effective from 1 April – shows it is committed to try and maintain its market leader position.
Sam Wakerley has been promoted to partner at the Dubai office, specialising in shipping, trade and insurance (marine and non-marine). In London, Edward Spencer, an aviation insurance specialist and Justin Reynolds, a logistics and multimodal transport expert, are welcomed to the partnership.
The move is in line with the long term objectives for HFW, with a number of lateral hires to partnership in the last 12 months including the recruitment of the former Barlow Lyde & Gilbert aviation team, and office openings in Sao Paulo and Perth – as well as Brussels and Geneva.
HFW senior partner Richard Crump said: “We are delighted to welcome these high calibre individuals, with the range of skills they bring, to the partnership. As we continue our strategy of growth in our core sectors, their promotion complements the recent developments we have made through lateral hires and office openings.”
Almost 50 per cent of the firm’s revenue now comes from outside London. Each partner is personally visited by Crump to assess their performance.
Last year net profit remained static at £32m, although average profit per equity partner rose slightly, from £527,000 to £540,000.