Addleshaw Goddard's reception

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.

Boosted by its merger with Scottish firm HBJ Gateley in June 2017, for the 2017-18 financial year Addleshaws had posted a sharp rise in combined revenues and profits jumped by more than a third.

During the past five years (since 2013-14), the firm has grown its revenue by £103.6 million, alongside an 89% improvement in PEP.

Managing partner John Joyce said in a statement: "After five years of growth, we are 60% bigger than in 2013-14, and last year delivered record levels of profit whilst continuing to invest substantially in our operations and client teams across the firm – in London, Asia and the Middle East."

Earlier this year, Addleshaws launched its first German office, in Hamburg, with the hire of a 10-strong team of lawyers from BCLP, including two partners.

It also promoted eight lawyers to its partnership across the U.K. and Middle East offices, including three women and its first-ever paralegal to make partner.

One of the firm's major mandates this year included advising American railway operator Genesee & Wyoming (G&S) on its $8.4 billion sale to several private equity firms.