Berwin Leighton Paisner reports 56% jump in profits
Berwin Leighton Paisner has reported a 56 per cent jump in profits per equity partner, up from £455,000 to £712,000, in the last financial year. The firm increased turnover by 20 per cent from £191m to £229m, and net profit increased by 38% from £65.8m to £90.8m.
BLP managing partner Neville Eisenberg said: "Our increase in turnover has been contributed to from across the board. All of our practice areas in London have grown in revenue, as well as our Moscow, Abu Dhabi and Singapore offices. It has been great to see both corporate and real estate picking up strongly during a difficult market.
"Our profit increase has simply been a product of our hike in turnover, we have not cut back on promotions or carried out any dramatic restructurings, instead choosing to invest during the downturn, which we are now seeing a return from.
"We've got a long-term strategy of developing the premium end of our M&A and corporate finance business, and will continue to invest in our international offices."
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