Field Fisher Waterhouse has posted a modest increase in turnover of two per cent for the 2010-11 financial year.
The City firm’s turnover for the financial year ending 30 April was £94m, up from last year’s £92m.
The estimated average profit per equity partner (PEP) figure for the same period is £510,000, up seven per cent on the previous year.
The firm’s continued expansion in Europe, including new office openings in Munich and Dusseldorf, has seen revenue from European offices make up 15 per cent of the overall turnover for the first time.
London-based managing partner Moira Gilmour said in a statement: “I’m very encouraged by these results, which show both turnover and profit increases in what has been another challenging year for the legal sector.
“We’ve continued to invest in Europe, opening new offices in Germany, and have grown the partnership, bringing in new lateral hires and promoting a large number of associates, including promotions outside London for the first time.
“This continued European expansion and our strategic focus on corporate, IP and technology and regulatory practices means the firm has a sound platform for future growth.”
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