Stephenson Harwood records 19% PEP growth while revenue hits £121m
Stephenson Harwood has posted an unaudited 19% hike in profits per equity partner (PEP) for 2013-14, along with revenue growth of 8%.
June 23, 2014 at 07:06 AM
2 minute read
Stephenson Harwood has posted a 19% hike in profits per equity partner (PEP) for 2013-14, along with revenue growth of 8%.
Unaudited figures for the past financial year show revenue grew to £121m in 2013-14, increasing from £112.3m the previous year.
Meanwhile, PEP jumped to £537,000, up on last year's figure of £450,000.
Stephenson Harwood chief executive Sharon White (pictured) said the firm's transactional practices – comprising corporate, finance and real estate – were standout performers.
"Our performance this year reflects the importance of the investments we have made in developing the firm during the past few years and we will continue to identify opportunities to grow and strengthen our business," she added.
Revenue growth outstripped last year's rise, when the firm recorded an increase of 2% in fee income.
Major mandates during 2013-14 included acting for Baker Tilly on its acquisition of accountancy practice RSM Tenon in a pre-pack deal, representing Northern Rail on its 22-month franchise agreement franchise agreement with the Department for Transport, and advising Nigeria's Bonny Gas Transport on the $1.1bn (£646m) financing of six new liquefied natural gas vessels.
The firm also successfully defended former director general of Russian state-owned shipping giant Sovcomflot Dmitry Skarga in a dispute against his former employer, in what is thought to be one of the largest ever shipping fraud trials.
• Which law firms do you most admire? Click here to respond to Legal Week Intelligence's annual employee satisfaction survey.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Malaysia’s Shearn Delamore Set To Expand Local Footprint With New Office Launch
CMA Uses New Competition Powers to Investigate Google Over Search Advertising
Trending Stories
- 1Exploring the Opportunities and Risks for Generative AI and Corporate Databases: An Introduction
- 2Farella Elevates First Female Firmwide Managing Partners
- 3Family Court 2024 Roundup: Part I
- 4In-House Lawyers Are Focused on Employment and Cybersecurity Disputes, But Looking Out for Conflict Over AI
- 5A Simple 'Trial Lawyer' Goes to the Supreme Court
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
