Stephenson Harwood grows first half revenue by 10%
Stephenson Harwood has posted a 10% rise in half year revenue for 2013-14. The firm brought in revenue of £57m for the first six months of the financial year, up on £51.4m at the same point in 2012-13.
November 22, 2013 at 07:39 AM
2 minute read
Stephenson Harwood has posted a 10% rise in half year revenue for 2013-14.
The firm brought in revenue of £57m for the first six months of the financial year, up on £51.4m at the same point in 2012-13.
Managing partner Sharon White has said the firm has seen an uptick in business from the firm's transactional groups, as well as good activity in its contentious practices.
White (pictured) said: "It's been fairly even growth across the firm, and I think the revenue increase reflects increased activity levels and deal flow in the market. There is also an element of seeing the investments we've made over the past few years starting to ramp up.
"We have performed better at this stage than we anticipated, and we feel more confident about the next six months than we have done for quite a while now."
The results include figures from Stephen Harwood's Beijing office, which launched in April.
Highlights for the firm during the six-month period include advising accountancy firm Baker Tilly on its takeover of RSM Tenon in a pre-pack administration deal, as well as representing GDF SUEZ Energy Services on the £190m cash acquisition of Balfour Beatty's UK facilities management division.
A host of firms have reported positive growth figures for the first half of the financial year. These include Osborne Clarke (up 12%), Simmons & Simmons (8% up), Allen & Overy (7% up), DWF (58% up) and Clyde & Co (16.5% up).
Berwin Leighton Paisner, Clifford Chance, Freshfields Bruckhaus Deringer, Linklaters, Ashurst and Macfarlanes are among other firms to have seen revenue increase in the past six months.
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