Turnover and PEP up at Holland & Knight

Turnover rose 3 per cent at Holland & Knight last year from $552m to $568m while average profit per equity partner (PEP) jumped 11 per cent, from $802,000 to $890,000.

Headcount remained effectively flat last year, dipping slightly from 910 to 908, although high-profile departures did include Abu Dhabi managing partner Donald Moore, who left for Reed Smith (6 December 2011).

The Florida-headquartered firm is one of the largest in the US not to have a London office or any outposts across Europe, a strategy it pursues by maintaining a number of key referral relationships with UK and other independent firms.

Instead, in contrast to many of its rivals, Holland & Knight has been targeting an alternative geographical strategy, with Latin American growth in particular in its sights.

The firm has had a Mexico City office for many years, but is currently thought to be planning a new office in Bogota, Colombia while also exploring opportunities in Brazil.

The firm also has a representative office in Caracas, Venezuela via an association with local firm Tinoco Travieso Planchart & Nunez.

Holland & Knight did not comment.