For many City firms, terms like size and shape mean getting smaller. In Ashurst’s case, as this week’s analysis makes clear, the business has been genuinely refashioned over the last two years.
So while around 30 partners have been managed out through two rounds over the last 16 months, no less than 26 have joined the firm. The expansion is directly linked to Ashurst’s desire to build its international practice, which until recently contributed only a third of the firm’s revenues, almost all of which came from Europe. The firm can now point to a sizeable US business and rapid expansion in Hong Kong and Singapore.
