Eversheds Sutherland more than doubled the cash on its balance sheet in the last financial year through more aggressive cash collection, lower operating costs and the sale of its secretarial arm, its latest financial accounts have showed.

The firm’s cash and cash equivalents at the end of April 2021 hit £108 million, up from £41.5 million the previous year, according to the limited liability accounts for the firm’s non-U.S. business, which were published on Companies House on Wednesday.