Profits at Addleshaw Goddard reach £155m
Addleshaw Goddard’s latest results show that profits at the firm rose by £21 million to £155 million in the year to 30 April 2022 while revenue increased by 18 per cent to £377m.
The firm also launched four offices over the past year – in Dublin, through a merger with Eugene F. Collins, Luxembourg, Frankfurt and Munich.
Total headcount grew by 18 per cent and, of the firm’s 348 partners, 31 per cent are now women. In Scotland, the firm has seen double-digit percentage income growth every year since its 2017 merger with HBJ.
John Joyce, managing partner, said: “Our goal through the year was to continue investing in further growth and bringing to clients the advantages of a growing globally active business.
“It has been another challenging and changeable year and so to have materially grown both UK and global turnover is very satisfying. I am hugely proud of what our team has achieved across many different fronts to better support and service clients, to offer people a great place to work and to deliver our strongest performance to date.
“The firm’s 18 per cent revenue growth reflects two main underlying trends. Firstly, the year was a very busy one for our transactional teams but generally across the firm we were busier than ever working across a greater number of offices on higher value work.
“Activity levels surpassed prior year in every month of the year in many teams and geographies which is particularly impressive given the 20 per cent growth we saw in each of the final six months of the prior year. Secondly, we made further material people investments, most notably responding to client demand for a meaningful presence in Ireland and Luxembourg as well as growing Paris and Germany. Already all of our European offices are working regularly together to offer a much wider experience for clients.”