Stewarts Law slows after 5 years meteoric growth
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. comments powered by Disqus
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.