Wragge & Co on the rebound as income rises 16pc

Law firm Wragge & Co has reported a 16 per cent rise in tunrover for the year ending 30 April, with income hitting £112m compared to last year’s £96.2m. The firm has not yet released details of its profits per equity partner, but says figures should match the increase in turnover. “In terms of economic conditions, the past couple of years have been the toughest I have experienced,” said managing partner Ian Poole. “Rather than batten down the hatches, we made a number of strategic investments – adding some excellent new people, deepening our sector focus and increasing our international footprint. Although conditions continue to be challenging, these decisions are paying off.”