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
L-R Mark Wasserman and Lee Ranson, Eversheds Sutherland.
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."
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