HSF reports annual revenue of over £1bn
HSF reports annual revenue of over £1bn
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Global law firm Herbert Smith Freehills has announced revenue of more than one billion pounds across the globe in 2020-21, a first for the BigLaw player.
On Wednesday 14 July, HSF announced its unaudited results for the year ending 30 April, which saw the firm experience its eighth year of growth in a row, and revenue surpassing £1 billion for the first time in the firm’s history.
Total revenue for the year up until the end of April was £1.038 billion, which marks a five per cent increase on the previous year, the firm noted. Moreover, profit for the year totalled £366.9 million, which is a 30 per cent increase on 2019-20, in which £283.2 million in profit was posted.