Eversheds Sutherland has announced revenues of $1.03 billion in its first financial results since its transatlantic tie-up one year ago.
The figure reflects the financial year that ended Dec. 31 and includes combined results from Eversheds Sutherland (international), Eversheds Sutherland (U.S.) and the members of Eversheds Sutherland (Europe).
The union of London-based Eversheds and Atlanta-based Sutherland Asbill & Brennan last February created a global firm that now has 2,400 lawyers in 66 offices across 32 countries. Eversheds said its 2017 revenue represents a 5 percent increase over the preceding year.
“We are very fortunate to have clients who entrusted us with some of their most important and significant matters in 2017,” said U.S. co-chief executive Mark Wasserman. “Our growth in the last 12 months is a direct result of the strong collaborative culture that brought us together. Looking ahead, I am confident that our unrelenting focus and commitment to our clients and our people will drive our continued success.”
Client wins for the combined firm include an appointment as Turkish Airline’s sole outside legal provider, acting for German infrastructure company DB Engineering and Consulting on its successful bit of construction a high-speed railway in California and an appointment to technology company Smiths’ global panel.
London-based co-chief executive Lee Ranson said: “By any measure, we have had an excellent first year as Eversheds Sutherland. Clients were the primary driver for bringing our legacy firms together, and the success we have had in winning new clients and growing our business with existing clients has exceeded all our expectations and promises well for the future.”
In an interview with ALM last month, Wasserman and Ranson spoke about their new strategic plan, which they said places integration and the creation of a “common culture” as key goals for the combined firm.
Last year the firm expanded into Russia, acquiring Nordic firm Hannes Snellman’s Russian operation, giving it five new partners and 17 lawyers and offices in Moscow and St Petersburg.
In September the firm opened an office in Luxembourg with the hire of two partners and five associates from Simmons & Simmons.