U.K. litigation firm Stewarts has announced a huge rise in profits and revenue for the last financial year, outpacing the rest of the country’s commercial legal market.
Stewarts’s revenue rose 43% to hit £114 million, while profits per equity partner increased 86% to reach £2.7 million, putting the firm’s PEP ahead of the likes of Macfarlanes, Freshfields Bruckhaus Deringer and Clifford Chance—all of which range from £2 million to £2.5 million. It is also likely to put the firm ahead of Slaughter and May, which does not disclose its financial results.
