Charles Russell Speechlys has posted its financial results for the 2024-25 financial year, with firmwide revenue up 11% to £242.3m from £218.3m in 2023-24.
The firm’s profits rose by 3.7% from £45.8m to £47.5m, while profit per equity partner (PEP) increased just over 3% from £661,000 to £681,000.
The UK underperformed the wider firm, up 9% year-on-year to £190.3m from £174.4m – falling short of the £193.7m of revenue which the firm posted in 2023.
International offices, however, drove particularly strong performance, achieving 18% growth across all locations outside the UK. Asia emerged as a standout region with 84% revenue growth, complemented by contributions from European offices in Luxembourg, Switzerland and Italy.
Managing partner Simon Ridpath commented: ‘We are delighted with our growth this year, as our private capital strategy continues to flourish across our global business. We’ve added strategic hires in Europe, the Middle East and Asia, opened a new office in Milan, and invested in innovation and technology to better serve our clients.’
He continued: ‘Our firm is well-positioned to guide clients through high-profile transactions, personal matters and complex disputes and to deliver premium advice to both new and established wealth. I am thankful to everyone at the firm for their hard work and focus on delivering exceptional service to meet our clients’ complex legal needs, and to our clients for the trust they continue to place in us.’
Strategic investments during the financial year included establishing a new international tax team of US-qualified attorneys serving APAC clients, as well as opening its Milan office in November 2024 with its hire of family law and wealth management specialist Maria Cristiana Felisi.
The firm’s financial results coincided with its announcement of a double partner hire, with Mark Dewar and Greg Stonefield joining the firm in the commercial and corporate teams respectively.
Dewar joins from DLA Piper, where he headed up the firm’s commercial contracts practice, while Stonefield arrives from Eversheds Sutherland, where he was a partner in the firm’s international corporate finance practice.
