Leaders of one of the world’s biggest firms have described largely flat financial results as ‘solid’.
Eversheds Sutherland (International) today announced that in the year to 30 April revenue increased by 3% to £749.4m while net profit fell fractionally to £175.1m. Last year net profits increased by 17% to £175.2m.
Profit per equity partner was virtually unchanged at £1.3m.
Lee Ranson, chief executive of Eversheds Sutherland (International) said: ‘Against the backdrop of more challenging economic conditions in many of our international markets, we have delivered a solid set of results. We have continued to invest in people, infrastructure and technology. With signs of improving activity in the transactional markets, I believe that we are well placed to continue to drive our global strategy forward.’
The firm flagged up several achievements during the year, including 16 lateral partner hires and 29 promotions to partner. Eversheds also launched a cooperation agreement with KWM in China and rolled out a new practice management system.
