Penningtons Manches revenue up 12 per cent

August 27, 2017 Penningtons Manches has announced its financial results for the 2016/17 year, reporting increases in revenue and profits.

Turnover rose by 12 per cent from £61.6m to £69.6m for the London-based firm, marking eight consecutive years of growth. Meanwhile, profit increased by nearly 50 per cent, rising from £9.4m in 2015/16 to £14m in 2016/17.

CEO David Raine said the firm continues to focus on its core practice areas and sectors, including technology, real estate and private wealth.

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