Bird & Bird has seen its revenue grow by 4% to reach €702m, up from last year’s figure of €672.6m.
Profit per equity partner (PEP), meanwhile, has dipped 1.5% to €819k, down from last year’s figure of €831,000, while net profit grew by 1%.
The dip means the firm has seen its PEP decline for two consecutive years, with growth to revenue and profit also slowing. However, the results also mark the firm’s 34th consecutive year of topline growth.
In 2024, Bird & Bird set a target of €1bn in revenue by the end of FY2029. To achieve this, the firm will need to accelerate significantly from this year’s 4% growth rate.
‘Our ambition remains clear,’ said CEO Christian Bartsch: ‘to be the leading international law firm guiding organisations through a world shaped by technology, innovation and regulation.’
‘We are continuing to invest in the areas where we see the greatest long-term opportunity – our people and platform, innovative legal tech, and deep client relationships,’ he continued.
The firm made up 19 to the partnership this year, including six in London – up from 17 promotions last year, including three in London. It also made changes to its C-suite, appointing Simon Hughes as chief operating officer, Emma Lago as chief marketing and communications officer, and Raya Blakeley-Glover as chief business development and client officer.
Notable mandates for the firm over the last year include successfully defending Stability AI in its high-profile copyright dispute with Getty Images.
