Wragges returns to growth as turnover jumps 16 per cent

Wragge & Co has posted a 16 per cent rise in turnover for the 2010-11 financial year, growing from £96.2m to £112m.

Quentin Poole
Quentin Poole

The news marks a return to growth for the firm, which experienced a 7 per cent drop in revenue in 2009-10, falling from £103.4m to £96.2m.

Wragges will confirm its profit margin and average profit per equity partner (PEP) figure later this year, once its accounts have been audited.

In a statement senior partner Quentin Poole said: “Every part of the firm has contributed to this impressive year-end result. Core areas including corporate, banking and finance, intellectual property, real estate, pensions and energy all delivered strong performances. Our people deserve credit for working hard, staying positive and always providing excellent advice and client service.”

Wragges made no internal promotions into its all-equity partnership this year, although seven new partners have joined the firm through lateral hires over the past 12 months. The firm also opened an office in Paris (25 January 2010) and one in Abu Dhabi (2 December 2010) during 2010.