Pinsents sees half-year revenues inch up on last year's performance
Pinsent Masons has posted a marginal increase in revenues for the first half of the 2010-11 financial year. The UK top 15 firm's total fee income for the first six months of the year stood at £98.3m, 0.5% up from the figure of £97.8m taken in during H1 last year. Pinsents managing partner David Ryan said: "I am pleased with the progress that we have made so far.
November 10, 2010 at 09:52 AM
2 minute read
Pinsent Masons has posted a marginal increase in revenues for the first half of the 2010-11 financial year.
The UK top 15 firm's total fee income for the first six months of the year stood at £98.3m, 0.5% up from the figure of £97.8m taken in during H1 last year.
Pinsents managing partner David Ryan (pictured) said: "I am pleased with the progress that we have made so far.
"While no-one can predict how the economy will pan out, we have made a solid start to the year and have a strong foundation which we can build upon over the coming months."
This summer Pinsents posted a 32% jump in profits per equity partner for 2009-10, rising to £410,000 from last year's figure of £310,000, while turnover dipped 4% to £206m.
The firm this year strengthened its Asia presence by entering into a joint venture with Singapore ally MPillay that will allow the firm to practise aspects of local law in the region.
Pinsents' announcement of its half-year results comes after after Allen & Overy kicked off the reporting round earlier this week (8 November) with a 3% increase in revenues. Wragge & Co followed by posting a 15% rise, while Norton Rose and Nabarro recorded 9% and 3% rises respectively.
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