Stephenson Harwood’s revenue jumps 16 per cent

Stephenson Harwood has posted a 16.6 per cent revenue increase as it becomes the latest firm to report its half-year figures.

Sharon White
Sharon White

The firm brought in a total of £49.6m in fee income for the six months to the end of October 2010, up from £42.6m during the same period in 2009-10.

Chief executive Sharon White said the results were better than had been expected and came on the back of strong performances across all practice areas.

She added that the firm was also performing well against its budget but expressed caution over reading too much into half-year figures.

White commented: “It’s great and we’re obviously pleased but you can’t start thinking it’s necessarily going to continue that way for the second half, though we’re reasonably confident.”

Last year, Stephenson Harwood posted an 8 per cent turnover rise with incomes reaching £91.9m in 2009-10.

Other firms to post half-year results include Allen & Overy, which reported a 3 per cent increase and DLA Piper, which posted a rise of 8.5 per cent. Norton Rose and SJ Berwin both reported increases of 9 per cent.