Ashurst has announced the seventh consecutive year of growth, following the publication of results corresponding to the financial year ending April 30, 2023. The international law firm has invested 1,015 million euros, 10% more than the previous year ( 922 million) , which is an increase of 74% in the last seven years. Profit per partner equity has become 1,351,000 euros, slightly lower than the highest allowance per member equity listed in the 2022 financial year (1,357,000 euros).

From the company they pointed out that results were “solid across all regions”, particularly in Continental Europe, the Middle East, and the United States. Not in vain, “all global divisions have recorded growth compared to the previous year”, with notable progress in the Projects, Energy Transition, Real Estate and Conflict Resolution, Investigation and Advisory divisions, as well as in the areas of Digital Economy, Regulation and Financial Restructuring.

The strategic focus on its five key industries (Private Banking and Equity; Real Estate; Infrastructure; Energy and Natural Resources; and the Digital Economy) has generated over 85% of the company’s revenue. And the greater demand from businesses New law and legal-led consulting have led to revenue growth in this area of ​​over 25% and 60% respectively, including the launch of a risk consulting business (Risk Advisor) in England.

“In the last financial year, our company has recorded strong growth, and our results for fiscal year 2023 mark our seventh consecutive year of revenue growth,” he stressed. Paul Jenkins, CEO of Global Ashurst. “We have grown significantly over the last seven years, with an average revenue growth of 8% per year over that period, and that growth has accelerated over the past three years.”

For his part, Karen Davis, the firm’s global president, added that “in 2023 we have achieved great accomplishments for our clients, thanks to the collaboration and culture of mutual support of our global team. In addition to closing some great deals and delivering outstanding results for our clients around the world, the energy, drive and commitment of our global team continues to make a significant contribution to our business success.”

In the past year, the firm has signed 28 partners and has promoted 25 internally, “a record for the second year in a row”. The Madrid office has more than 70 lawyers, 15 of whom are partners.