The top-50 financial results season got off to flying start last week, with ‘record’ activity levels, rising revenue and spikes in partner profit appearing as the impact of Covid-19 on commercial practice begins to emerge.
European firm Fieldfisher revealed that profit per equity partner rebounded by £155,000 to £860,000 in the last financial year, after falling to £705,000 in 2020. Meanwhile, revenue rose by 6% to £290m in the firm’s eighth consecutive year of growth. ‘Activity levels over the last year reached record highs in some months and remain strong,’ managing partner Michael Chissick said.
Partner profits at Pinsent Masons rose 16% year on year