X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Ashurst Morris Crisp has announced a19% increase in turnover from £130m to £155m and a rise in average profits of 10% from £545,000 to £600,000.This year the firm’s partners at the top end of the firm’s 10-year lockstep will walk away with £800,000 up from £750,000 last year. Junior partners will earn £20,000 more at around £320,000.The firm’s 10% rise in profits matches the increases of its magic circle rivals Allen & Overy and Linklaters – although partners there are still earning well above Ashursts, at £762,000 and £800,000 respectively.However, several rivals just outside the magic circle have this year outpaced Ashursts in profits growth with Herbert Smith and Norton Rose both posting 30% increases in partner profits.Unlike Herbert Smith, however, Ashursts has been engaged in heavy investment in its infant European network, primarily through a series of greenfield sites.In the last 12 months Ashursts has opened offices in Munich, Madrid and Milan where servicing private equity clients remains one of the firm’s key focuses.The firm has also seen a number of senior departures from its London real estate practice, including planning head Michael Cunliffe and partner Charles Leach.In contrast, the firm’s senior hiring has been concentrated on the Continent, with the exception of former Hammond Suddards Edge City head Gary Watson who joined the firm’s property team this year.Managing partner Justin Spendlove said: “Over the past 12 months we have continued to develop our practice in Europe – most notably our litigation practice in Germany and our tax practice in Italy and France.“Our immediate aim is to continue to replicate the practice spread we have in London across Europe and elsewhere in the world where we see these markets developing.”

This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.

A PREMIUM SUBSCRIPTION PROVIDES:

  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site's full archive of more than 56,000 articles

Already have an account?

For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651

 

Legal Week Newsletters & Alerts

Sign Up Today and Never Miss Another Story.

As part of your subscription, you can sign up for an unlimited number of a wide range of complimentary newsletters and alerts. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.