Ashurst has posted a 7.5% increase in turnover for the first six months of the financial year, with revenues rising to £158m from £147m in the same period last year. Despite the figures falling some way short of last year's equivalent increase of 25%, the results mark a strong performance for the firm in the tough economic climate. The firm's core practice areas of private equity, leveraged finance and structured finance have all felt the pinch in recent months.Managing partner Simon Bromwich (pictured) commented: "The economic situation remains challenging and it is clear that all firms will face a tough second six months. That said, Ashurst's performance remains good and we are continuing to build on the significant progress of recent years.
November 05, 2008 at 06:35 AM
1 minute read
The original version of this story was published on Legalweek
Ashurst has posted a 7.5% increase in turnover for the first six months of the financial year, with revenues rising to £158m from £147m in the same period last year.
Despite the figures falling some way short of last year’s equivalent increase of 25%, the results mark a strong performance for the firm in the tough economic climate. The firm’s core practice areas of private equity, leveraged finance and structured finance have all felt the pinch in recent months.
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