Kennedys reports uptick in UK revenue
Kennedys, which has offices in Glasgow and Edinburgh, has reported its highest ever revenue, £286 million, up eight per cent from £264m the previous year.
The most significant growth came in North America, where revenue was up 24 per cent to £55m, following a continued growth period fed by work from new and existing clients, a series of lateral hires and the opening of a new office in Delaware.
UK revenue was up to £153m, up £1.4m from last year. Latin America saw a 20 per cent increase up to £8m, EMEA a 15.5 per cent increase to £27m and APAC an 11 per cent increase to £42m. In particular, the firm has continued to see strong growth in Australia and in France.
In the past year, headcount has increased to 2,400 people, including 18 partner hires. In May the firm announced a record round of partner promotions, with 22 promoted. The firm also introduced a new legal director role, with 44 legal directors and two special counsels promoted.
Two new business services directors also joined, with Alan Demirkaya appointed as global HR director and Karen Peskett-Hall, appointed as the firm’s first global transformation director.
Nick Thomas, senior partner, Kennedys said: “I am very pleased that we have built upon last year’s record figures with further growth. The figures reflect our continued growth into a significant global player and are a testament to the way our teams have continued to respond to and exceed client expectations.
“We continue to look to the future with real confidence and I expect to make further announcements regarding new offices and hires throughout the year.
“I want to thank Kennedys’ colleagues around the globe for their unwavering commitment to provide the very best service to clients and for all they do to make Kennedys a great place to work.”