Signature Litigation posts 16% revenue rise to hit £12m in fifth year since founding
Firm pays out annual profit share of 21% to all members of the firm
December 13, 2017 at 08:31 AM
2 minute read
Signature Litigation has posted a 16% increase in turnover for 2016-17, with the litigation boutique's top line rising to £12m in its fifth year in operation.
The firm, which operates a profit-sharing scheme that gives all of its lawyers and staff a stake in the business, this year paid out an annual profit share of 21% to all members of the firm.
This takes the cumulative profit paid out during the firm's first five years to 130.5% of salary.
Signature CEO Kevin Munslow said: "The firm continues to grow consistently year on year, and we take pride in having a system which returns the value of our success to every employee in the firm without the intervention of any discretionary element. The current financial year has got off to a solid start, maintaining our strategy of consistent and managed organic growth"
The 2016-17 financial year saw Signature make four partner hires – Ioannis Alexopoulos from Bryan Cave, Simon Bushell from Latham & Watkins, Josh Wong from DLA Piper and commercial litigation partner Elliott Phillips, who now heads up the firm's new Gibraltar office after joining from local firm ISOLAS.
Founding partner Graham Huntley (pictured) added: "The arrival of four new heavyweight partners has further strengthened our core practices and international capabilities, and also fortified the foundation of partners who share the commitment to the firm's values and non-discretionary economic ownership structure."
Last month, the firm also took home the British Legal Award for Litigation and Dispute Resolution Team of the Year for its work for RBS shareholders in litigation over the bank's controversial 2008 rights issue.
Signature's growth since its 2012 launch has been driven in part by significant referral work from a range of UK and US firms including Ashurst, Addleshaw Goddard, Herbert Smith Freehills and Steptoe & Johnson.
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