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Ashurst LLP (via Public) / Ashurst announces financial results - marking fifth consecutive year of revenue growth


Ashurst announces financial results - marking fifth consecutive year of revenue growth
2021 financial performance highlights
Revenue of £711 million, up 10% on the previous financial year (£644 million in 2020)
40% growth in revenue over a five-year period, with an average annual growth rate of more than 7%
Profit per equity partner of £1,038,000, up 15% on the previous financial year (£903,000 in 2020)
72% growth in profit per equity partner over a five-year period, with an average annual growth rate of more than 11%
Paul Jenkins, Ashurst s Global Managing Partner said,
We continued our financial growth trajectory with strong FY21 results, marking the fifth consecutive year of revenue growth for the firm. While some practices and markets during the early part of the financial year were impacted by the pandemic, we continued to support clients as they navigated ongoing challenges and the firm experienced strong trading performance from the end of ....

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Contractor sought to finance and build £562m Welsh hospital


A search has begun to find a contractor to finance, design and build a new cancer hospital in Cardiff.
Velindre University NHS Trust also expects the appointed firm to carry out hard facilities maintenance once the hospital is operational in 2025. The whole contract of £562m is set to run for 28 years with the construction contract expected to be worth around £200m.
The project will be one of the first to be delivered using the Welsh Government’s new Mutual Investment Model (MIM) for public-private partnerships. The government used the model for the A465 dualling and is also looking to deliver two new schools with the approach. The MIM has similarities to PFI, with private suppliers paid a fee for financing, building and maintaining assets, which are then transferred to public ownership at the end of the contract. ....

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