Pinsent Masons: 4% drop in revenue; 32% jump in profits for equity partners

Pinsent Masons has posted a 4 per cent drop in revenue over the 2009-10 financial year, from £215m in 2008-09 to £206m. The same period saw an increase in profits per equity partner, which increased by 32 per cent from £310,000 to £410,000. High performing areas included international arbitration, restructuring, pensions & outsourcing and technology & commercial. The firm’s operations in the Gulf also gave strong performance. Pinsents managing partner David Ryan commented: "Our results reflect a spirited and determined performance by everyone in the business. In a tough climate, we not only made real progress but also made some important, strategic investments - particularly in life sciences and Islamic finance - which augur well for this year."

Pinsent Masons: 4% drop in revenue; 32% jump in profits for equity partners legalweek.com Wed, Jun 23, 2010