law firm Pinsent Masons also delivered a positive six-month update yesterday, saying turnover for the first half of the 2011-12 year had hit £105m – a six per cent increase from last year.
Managing partner David Ryan said: “While it is still a difficult economic environment, we have made a good start to the year.
“We are under no illusions – the next six months will be difficult, but we are well placed to continue to grow,” he added.
The firm’s total revenue at the end of the 2010-11 year was £212.5m, with most of the growth coming in the second half of the year.
Pinsent Masons recently announced it had hired three new restructuring partners from LG, who are due to start in early 2012.
The hires take the number of recent hires that the firm has made in its banking and restructuring team to six.