Pinsents posts turnover rise of 6 per cent at half-year stage

Pinsent Masons has announced half-year results of £105 million, a 6 per cent increase on revenue figures for last year.

“While it is still a difficult economic environment, we have made a good start to the year,” said managing partner David Ryan.

Commenting on future potential growth, he says “We are under no illusions that the next six months will be difficult, but we are well placed to continue to grow.”

Pinsent Mason’s turnover rose by 3 per cent in 2010-11 with the firm posting a top line of £212.5m. The firm has made some significant hires this year including the appointment of three restructuring specialists from LG (7 November) earlier this month.

Pinsent Masons is the latest in a number of large firms to announce a rise in half-year revenues (24 October) at the mid-way point of the 2010-11 financial year. Norton Rose revealed that a strong year in banking and litigation had contributed to a 7 per cent increase in revenues for the first half of the financial year (16 November). Eversheds also recently announced a 7 per cent turnover rise (14 November).