Legal Week reports Mishcon's growth

Posted on 23 September 2015. Source: Legal Week

Legal Week reports Mishcon's growth

Of the ten firms that recorded the highest revenue growth over the last five years, Mishcons was the only one not to undertake a major merger during that period. The firm's revenue has increased by 146% over the period, leaping from £47.5m to £116.7m.

Mishcons had targeted reaching revenue of £100m by 2016 in its 2012 three-year strategy, a goal it achieved this year.

The firm has focused on growing its litigation practice, launching a business crime group in 2014 and bringing in heavyweight laterals such as Addleshaw Goddard insurance litigation head Richard Leedham.

Mishcons has also successfully boosted its profit per equity partner (PEP) by a striking 111% the second largest percentage PEP growth of a UK top 50 firm over the period. Its PEP rocketed from £450,000 in 2009-10 to £950,000 in 2014-15.

Mishcons is now head of the chasing pack, as the firm with the highest PEP below one million pounds.

Click here to view the full article (subscription only).

Related Articles

Leverage levels rise across the UK's top 50 firms as economy brightens