L-R Mark Wasserman and Lee Ranson, Eversheds Sutherland.Eversheds Sutherland boosts global revenue by 10%
The results relate to the firm's second year post-merger
February 07, 2019 at 12:29 PM
2 minute read
Eversheds Sutherland grew its global revenue by 10% last year, hitting $1.175bn (£900m) in turnover two years after its transatlantic tie up.
The firm first broke the $1bn barrier last year, reaching $1.03bn (£700m).
Last year the firm continued its global expansion, launching in Prague and Bratislava via local mergers.
The firm invested in technology, rolling out new software for its disputes team and launching a crowdsourcing platform for all its staff. It also signed up to use artificial intelligence platform Luminance.
Significant deals during the year included winning a role on insurance company Legal & General's £4bn pension buy-in of a British Airways pension scheme and advising on the re-nationalisation of train company East Coast Main Line.
Last year, the firm's financial accounts for its non-US business revealed its top earner took home £1.5m during 2016-17. The legacy Eversheds business took in revenues of £438.6m during the last financial year, up from £405.5m in 2015-16.
Eversheds Sutherland co-CEO Mark Wasserman said in a statement: "Based on client feedback, we focused in 2018 on enhanced service through the use of innovative solutions, including improved processes and new technology, as well as by expanding our geographic presence."
Fellow co-CEO Lee Ranson added: "The growing strength of our business during 2018 was evidenced not only by our revenue growth but also by a number of significant new global panel appointments and major client wins."
NOT FOR REPRINT
© 2024 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
Ashurst Beijing Chief Representative Leaves for New York Boutique Sterlington
Baker McKenzie, Norton Rose & Other Top Litigators Foresee Rise in AI, Data & ESG Disputes
Axiom-Ince: SFO Charges Five, Including Former Head, Following Investigation
3 minute read
SDT Upholds SLAPP Claim Against Osborne Clarke Partner Advising Nadhim Zahawi
3 minute readTrending Stories
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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
