Ashurst reveals first positive financial results since 2013 Australian merger
Ashurst has reported its latest financial results, the first positive financial results for the firm since its 2013 merger with Australian firm Blake Dawson.
The firm reported an 11 per cent increase in profit per equity partner (PEP), which came in at £672,000, up from £603,000 the prior year. Global turnover was £541m, a 7 per cent increase over last year’s figure of £505m. The results follow two consecutive years of declines in turnover and profit.
Managing partner Paul Jenkins said Ashurst has become smaller and more focused since the merger, and that the firm’s post-merger investment strategies have impacted profitability.