Eversheds revenue up 8 per cent following merger
Eversheds Sutherland has revealed its first financial results since its recent merger, reporting revenue of £438.6m. The figure represents an 8 per cent increase.
Net profit fell 4 per cent to £84.1m, while profit per equity partner dropped 2 per cent to £726,000.
Managing partner Lee Ranson attributed the decline in profitability to strategic investments in the merger, as well as recruitment efforts and people. Ranson was elected chief executive last year, replacing Bryan Hughes.