Ashurst today announces its results for the year ended 30 April
2011.
• Revenue: up by 3.5 per cent to £303 million (£293 million in
2010)
• Net profit: up by 8.5 per cent to £107 million (£98.5
million in 2010)
• Average profit per partner: up by 5 per cent to £723,000
(£689,000 in 2010)
• Partner profit range: £390,000 to £1,013,000 (£362,000 to
£940,000 in 2010)
Simon Bromwich, managing
partner of Ashurst, said:
"This has been a year of good consolidation for us. We have
continued to make investments across our business through the
financial crisis, having opened four new offices (Hong Kong, New
York, Washington DC and Rome) in the last three years. During the
same period, we have promoted internally or laterally hired 70 new
partners.
60 per cent of those partners are based outside of the UK and our
non-UK business is now 40 per cent of the firm. This is a great
achievement for a firm that has grown its business organically. We
are particularly pleased with our significant growth in Asia, where
revenues grew by 50 per cent last year.
Activity has continued to strengthen in the last quarter and we are
determined to improve our revenue and profit again in 2012."