Clyde & Co’s expansion stepped up another gear in 2009-10, with the insurance specialist taking on a sizable team from Shadbolt and surging ahead with its international expansion.
The result was an increase in revenues of 3.8% to £192m, up from £185m. Profit per equity partner (PEP) increased 10% to £605,000, having remained static at £550,000 for the past two years. The growth in turnover and profits happened alongside a hiring rate of almost two partners a month, with the insurance outfit making 22 lateral hires across the financial year.
