Pinsent Masons sees revenue reach €715m with PEP of €940k
Multinational law firm Pinsent Masons has reported a 14 per cent increase in revenue to €715 million and an eight per cent increase in profit per equity partner to more than €940,000 in its latest financial results.
The London-headquartered firm’s 2022/23 figures, released today, show that revenue grew to £605.9m (€714,962,000) while PEP grew to £797,000 (€940,460).
Ann Lalor, head of Pinsents’ Dublin office, said: “We have enjoyed year-on-year growth since our Dublin office established in 2017.
“Our trading performance and profitability remained strong this financial year, as we advise clients on high-value cross-border transactions across multiple sectors including financial services, technology, healthcare and energy.
“Our litigation practice has grown exponentially as we represent our clients in multiple complex cases before Ireland’s Commercial Court.”
She added: “We are delighted to continue to invest in our people to meet the growing demands in the Irish legal landscape.
“In May we welcomed Lisa Carty, a litigation partner with a financial services specialism, to lead our litigation, regulatory and tax practice. Financial services litigation and insolvency specialist Zara West was promoted to partner this year, and IP litigation lawyer Karen Gallagher to legal director.
“We also welcomed employment law partner Deirdre Lynch to lead our employment and reward team.
“We continue to build and diversify our teams and are very excited to have senior hires in the pipeline which we look forward to announcing very soon.”
Andrew Masraf, senior partner at Pinsent Masons, said: “Our commitment to investing in our people, our clients and communities consistently produces results.
“We’ve had a record year of revenue growth during which we focused on harnessing those investments to provide creative and innovative legal services for clients who are grappling with complex issues in challenging economies.”
Laura Cameron, managing partner, said: “Over the last year we’ve made significant progress in building out our multinational, sector-led legal and professional services capabilities, promoting 25 to partner across our business and launching 25 new legal services products.
“Our diverse international skillsets are enabling us to deepen our client relationships through the delivery of more sophisticated offerings, tailored to their needs.
“Despite challenging economic circumstances on a global scale, we have continued to advise on high profile mandates that reflect our clients’ strategic priorities, such as ADB on its energy transition mechanism and supporting NatWest on its first sustainability linked asset-based lending facility.”