Following a year-long consultation with the partnership and external advisers, high-flying City firm Mishcon de Reya has revealed a refreshed business strategy for the next decade, with a target to lift UK revenue by 40% to £175m within the next three years. Unaudited figures for 2015/16 project revenue at £125m.
The 400-lawyer firm held its annual partnership conference in recent weeks at its headquarters at Africa House in Holborn, where managing partner Kevin Gold presented key points of the strategy spanning until 2026, subdivided into three year plans.
Speaking to Legal Business Gold (pictured) said he expected the litigation practice to increase from £35m to £53m, corporate from £20m to £26m, private client from £20m to £24m, employment from £8.5m to £11.3m and family from £6.2m to £7.5m.
While traditionally the firm has stuck to short term plans, Gold said: 'We found as we got bigger, the time horizons were getting quite small...you get a fairly anodyne view on facts and figures as opposed to looking further afield – we wanted to ask – what firm are we going to be?'
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