LAW FIRM SJ Berwin said yesterday its annual full-year revenue rose by 2.5 per cent to £184.6m.
The unaudited results, for the 2012-13 financial year, beat last year’s growth at the London-headquartered firm, when revenues rose by 1.1 per cent to £180.1m.
Since this time last year SJ Berwin has made a significant investment in headcount across its 12 international offices, hiring 13 partners across its finance, competition and employment practices and promoting a further five partners.
The jump in the number of equity partners means that profits per partner – a common measure of a law firm’s profitability – are likely to have dipped, despite a rise in overall income.
At the beginning of 2013 the firm opened its first office in Luxembourg, which managing partner Rob Day said yesterday had “already achieved a healthy net profit”.
The firm also announced that Simon Gill, who joined the firm in March 2010 and has been acting finance director for the last six months, would be promoted to take up the position permanently.