Stewarts Law slows after 5 years meteoric growth

July 18, 2014 Stewarts Law has posted modest revenue growth and flat net profit in the 2013-14 financial year, in contrast to the five preceding years when the firm grew by more than 20 per cent each year.

Revenue rose by 2.6 per cent last year, from £45.2m in 2012/13 to £46.4m in 2013/14, while net profit stayed flat at £20.4m.

The firm saw meteoric growth between 2007/08 and 2012/13, with turnover going from £11.9m to £45.2m.

The firm has still managed to maintain a very high average profit per equity partner figure of £1.1m, keeping PEP at the same level as last year. Total remuneration to all the firm’s 45 partners adds up to £24.7m this year, up from £23.8m the year before.

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