03:00, July 25 76 0

2017-07-25 03:00:07
Charles Russell Speechlys PEP rises 8 per cent to £426,000

In its third financial year as a merged firm, Charles Russell Speechlys’ average profit per equity partner (PEP) has risen 8 per cent to £426,000.

The firm reported an increase in PEP from £393,000, rising for the second consecutive year. It initially fell in its first financial year post-merger from £346,000 to £320,000.

Revenue growth was slower at just 3 per cent, nudging up by just £4m to £144m.

In the latter part of the 2016/17 financial year, Charles Russell Speechlys has been focusing on global expansion in several key areas.

The firm announced it was to launch an office in Hong Kong – its second international opening in two months.

The law firm will be run by former Mayer Brown JSM partner Jonathan Mok, a member of its litigation practice. He handles family disputes and focuses on matrimonial, asset tracing and criminal litigation.

The move puts Charles Russell Speechlys in five of the world’s top ten private wealth centres, alongside London, Paris, Geneva and Dubai.

The firm also revealed earlier this year it was pushing forward to an opening in Dubai, following the recruitment of two dispute resolution partners and four associates.

Former King & Wood Mallesons partner Ghassan El-Daye has joined the firm to lead its Arabic litigation practice, and he brings with him three associates.