Wragge Lawrence Graham & Co revenue grows 5%
In the first revenue announcement since the merger between Wragge & Co and Lawrence Graham, the firm announces turnover of £181m
July 10, 2015 at 05:16 AM
2 minute read
Wragge Lawrence Graham & Co has announced a 5% rise in revenue in its first full year since the merger of Wragge & Co and Lawrence Graham in May 2014.
In its headline results for the 2014-15 financial year the firm reported revenue of £181m.
In 2013-14 Lawrence Graham and Wragge & Co reported combined turnover of £172m. That year Lawrence Graham posted revenue of £50.8m and Wragge & Co reported turnover of £121m.
In its announcement today the firm also said its pre-tax profit in 2014-15 was £57m, but it declined to provide a profit per equity partner figure.
Wragges said its real estate practice performed strongly in 2014-15, accounting for £61m of revenue. The firm's corporate practice also performed well, generating £36m of turnover.
During the year the real estate group acted on the redevelopment of both New Covent Garden Market and Battersea Power Station. Highlights for the corporate practice included representing Birmingham City Council on the sale of the NEC Group for £307m.
Wragges' chairman, Andrew Witts, said: "We have focused on the successful and rapid integration of the business in the last 12 months, and remain ambitious for further development and growth in the UK and internationally."
He added that the firm would look to grow its business in the advanced manufacturing, aerospace and defence, energy, healthcare and life sciences and technology sectors.
Wragges announced on Wednesday that it is to merge with Canadian firm Gowlings in January 2016. It also indicated that it had further plans for expansion, with a particular focus on continental Europe and Asia.
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