Top 45 LB 100 firm Travers Smith today (17 July) announced its strongest financial results to date, with turnover for the 2013/14 year up 13% to £97.2m – breaking through the £90m mark – while profit per equity partner (PEP) saw an uptick of 12% to £882,000.
The results are a marked improvement on last year’s growth levels – although its 2012/13 revenue was also a record number – where the firm recorded a 3% increase to £86.2m against a decrease in profit per lawyer and PEP, down 6% and 1% respectively. Highlighted for their standout performances were the private equity and corporate practices, which benefited from an uptick in global M&A.
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