Pinsent Masons announces 7.2 per cent rise in revenue to £649.6m
Pinsent Masons has unveiled its 2023/24 year end results, announcing a 7.2 per cent revenue increase to £649.6m. Profit per equity partner at the firm was £793,000.
The firm employs more than 3,300 lawyers and support staff in 26 international offices, of which approximately 550 are based at its offices in Aberdeen, Edinburgh and Glasgow.
Senior partner at Pinsent Masons, Andrew Masraf, said: “We’re proud of the progress we’ve made in advancing our multi-disciplinary, multi-national sector-led strategy, reporting healthy financial performance which enables us to remain resilient and to reinvest into our business.
“Set against the backdrop of the challenges of global inflationary pressures and climate change and an uncertain political and socio-economic environment, now more than ever, businesses like ours have a vital role to play in supporting our people, clients and communities.”
Pinsent Masons chair of Scotland, Katharine Hardie, commented: “Last year we supported a broader range of organisations through our community engagement and pro bono work and engaged with more clients on meaningful social mobility initiatives that seek to shift the dial and broaden access to law and other careers We look forward to building on this success as we seek to apply our legal expertise more broadly across our communities.”
Managing partner, Laura Cameron, said: “Longstanding year-on-year growth has enabled us to remain resilient and to invest into critical aspects of our business such as tech innovation, professional services capabilities and boosting our partnership via a combination of strategic lateral hires and internal promotions.
“From launching a satellite office in Abu Dhabi to strengthen our cross-border Middle Eastern capabilities to being the only law firm supporting the UK Government’s AI opportunity forum exploring how to more effectively deploy AI, we’re focused on enhancing creative and forward-thinking legal services delivery.
“While every business continues to grapple with a challenging economic environment, we’ve advised on a number of high profile mandates across our multinational business, from advising the International Finance Corporation on its dry port development in Laos to supporting Técnicas Reunidas on its energy transition project in Eastern Europe.”