Pinsent Masons turnover up six per cent to £450m

Richard Masters

Fees billed rose by 10 per cent on the previous year and in the last five years turnover has increased by more than 40 per cent while profit growth has risen by 60 per cent.

In Scotland intellectual property specialist David Woods was promoted to partner, while seven lawyers out of 12 globally who were promoted to legal director were based in Glasgow and Edinburgh.

The firm was also appointed as global strategic partner to the fintech sector enabler, Fintech Scotland, and as legal mentors to the Oil & Gas Technology Centre’s TechX Pioneer accelerator and incubator programme in Aberdeen.

The results showed that approximately 90 per cent of revenues are now generated from clients operating within the firm’s core global sectors of advanced manufacturing & technology, financial services, infrastructure, energy and real estate and that profit per equity partner increased by 4.4 per cent.

Pinsent Masons chair of Scotland and Northern Ireland, Richard Masters, said: “Our involvement in some of the largest corporate transactions, representation at the top levels of strategically important bodies such as Fintech Scotland and the TechX initiative, and the promotion of our next generation of talented lawyers show that our Scottish offices are in robust health.

“Continued investment in our people and in smart technologies coupled with a expansive global footprint with unrivalled cross-border expertise will help us maintain our leading position in the Scottish and international market place.”