Revenue down six per cent at Mason Hayes & Curran LLP after pandemic year
Business law firm Mason Hayes & Curran LLP has reported a six per cent fall in turnover to €80 million following a year shaped by the Covid-19 pandemic and economic crisis.
The firm said demand for its services in the technology, energy and life sciences sectors remained strong, and highlighted its growth to reach 95 partners.
Mason Hayes & Curran is the only major law firm in Ireland to release turnover figures, but does not provide any other financial information.
Managing partner Declan Black said: “We are pretty satisfied with this outcome for the year that was in it. Professional services were comparatively insulated from the worst effects of the pandemic. We were able to change our work practices, have our lawyers work from home, and still deliver first class client service.
“Nonetheless we were impacted, particularly in the second quarter, by a pronounced slowdown in transactional activity. Also, contentious work was, and continues to be, impacted by significantly reduced court hearings.
“However, we are pretty optimistic for 2021 given the prospect of safe and efficacious vaccines, the Brexit agreement and a Biden administration in the US. That sentiment is bolstered by the fact that transactional activity picked up sharply in Q4.”