Mishcon posts 30% revenue growth as UK firms unveil healthy 2010-11 financials

Mishcon de Reya and Berwin Leighton Paisner (BLP) have announced soaring turnover and profits for the 2010-11 financial year, as the first wave of UK law firms to post their results continue to unveil strong growth.

Mishcon has seen turnover jump 30% to £61.5m, up from £47.5m in 2009-10, while profits per equity partner (PEP) also leapt by a similar percentage, growing from £450,000 to at least £575,000, with the final audited figure yet to be confirmed.

The results set Mishcon well on its way to achieving the firm’s three-year target of £80m turnover and PEP of £750,000 by 2013. The turnover figure of £61.5m is set to place the firm on the fringes of the UK top 50 rankings for 2010-11.

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