Addleshaws Revenue and PEP Growth Cools as Profits Hit £100M
Average PEP has risen £77,000 to hit a 'record' £727,000.
July 24, 2019 at 05:02 AM
2 minute read
Addleshaw Goddard has seen a 14% rise in global revenues in 2018-19, as growth calms following last year's record top-line growth post-merger.
The firm's financial statement for 2018-19 shows that revenues jumped by £33 million to £275.4 million, while total profits grew by 16% to £100.7 million from £87 million.
Meanwhile, profit per equity partner (PEP) rose 12% (£77,000) to £727,000 this year – a record peak, according to the firm's statement. The firm has also almost doubled its cash reserves to £59 million.
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