Kennedys announces record year as revenue tops £300m
Kennedys has reported record revenue of £313 million for the financial year 2022/23. This represents an 11 per cent increase on the previous financial year and is the first time the firm’s revenue has topped £300m.
The most significant growth came in North America and Bermuda, where revenue was up 24 per cent. This follows strategic expansion of the firm’s US footprint as well as our bench strength in key areas of practice with a laser focus on the needs of our clients.
UK revenue increased by six per cent, APAC saw an increase of 12 per cent and EMEA an increase of nine per cent. Growth has been supported by a four per cent increase in the number of fee-earners worldwide, with total headcount now at 2,500+. This includes 19 partner hires, as well as 20 promotions in the firm’s annual round of partner promotions in May.
Three new senior business services appointments were also made, with Karen Peskett-Hall joining as the firm’s first chief transformation officer, Karen Snell joining as chief business development and marketing officer and Kate Hursthouse as its first head of responsible business. In addition, Rhian Gait-Parker joined Kennedys IQ, our technology and innovation arm, as director of operations.
Nick Thomas, senior partner, Kennedys said: “I am pleased to report another year of record growth for the firm. In what has been a challenging economic environment I am incredibly proud of all of my colleagues around the world who have worked so hard to ensure that we continue to innovate and develop services that set Kennedys apart.
“We will continue to pursue new growth opportunities enabling us to keep delivering the exceptional depth and breadth of expertise that our clients expect.”