Mishcon de Reya has today announced significant growth for the 2010-11 financial year, with an impressive turnover increase to £61.5m, up from £47.5m in 2009-10. The Firm’s profits per equity partner (PEP) have also increased, up 28% on the previous year, from £450,000 to £575,000.
It was a year which saw the Firm make 10 new Partner hires, and achieve the highest placing of any law firm in the Sunday Times ‘best companies to work for’ survey. Mishcon also consolidated the many facets of its legal services for individuals into one private client offering: Mishcon Private™, which is in part credited for the jump in revenue.
Mishcon de Reya’s Managing Partner, Kevin Gold said: “This year, at the end of year one of our three-year strategy, we have exceeded our budget by around £4m.
"We have experienced growth across all areas of the firm – our contentious practice, particularly in the areas of intellectual property and private client (Mishcon Private™), has seen exceptional increases in turnover. We will continue to invest in people, knowledge, technology and our brand as we have been over the last year and are confident that we will meet our 2011-12 budget.”