Hamlins LLP posts 52 per cent PEP increase as revenue jumps by 27 per cent30th July 2014
Strong financial results at law firm Hamlins LLP has seen profit per equity partner (PEP) leap an impressive 52 per cent for the 2013/14 financial year, while revenue increased by over a quarter from £10m in 2012 / 13 to just over £12.6m this year. A healthy profit margin of 35.5 per cent saw the firm’s net profit reach nearly £4.5m.
The impressive results form part of an ongoing story of consistent and steady growth at the West End firm in recent years, despite the impact of the recession elsewhere on commercial law firms. Revenue stood at £8.4m in 2010/11, growing to £9m in 2011/12 before hitting £10m last year and now topping £12.6m for 2013/14.
Head of the Corporate department Daniel Bellau said:
“Our strategy of keeping a tight hold on costs and focussing on our core areas of strength has paid off over the past few years, despite the commercial market suffering from the effects of the recession.
“We are now in a good position to grow our key offerings in the corporate, real estate and media departments.”