Mishcon de Reya has sailed “substantially past” the £100m revenue mark in the last financial year, managing partner Kevin Gold has revealed to The Lawyer.
The firm has not yet released its 2014/15 financial results to the market, but it is understood the firm has bolstered its turnover to as much as £112m, marking a potential 14.5 per cent increase on its £97.8m turnover the previous year.
The increase signals the firm hitting its 2016 target of £100m a year ahead of schedule.
Mishcon management traditionally outlines its targets in a three-year strategy, but Gold is engaged in a “deep consultation” with the partnership and internal and external consultants expected to last a further six months to ditch the three-year targets in favour of a “10-year vision”.
Mishcon has had a run of good years. Its turnover of £97.8m in 2013/14 was up 17 per cent on its 2012/13 turnover of £83.4m.
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