In the first full fiscal year results after their transatlantic mega-merger, Eversheds Sutherland has broken the US$1bn revenues mark.
The firm,
formed by UK firm Eversheds and US firm Sutherland Asbill & Brennan on 1 February 2017, said that the top line is 5% more than its turnover in the previous financial year.
The international arm of the business contributed £438.6m to the global revenues of the non-financially integrated firm. The US business had revenues of $305m. The $1.03bn revenue figure also includes results from Eversheds Sutherland’s European members.
“By any measure, we have had an excellent first year as Eversheds Sutherland. Clients were the primary driver for bringing our legacy firms together and the success we have had in winning new clients and growing our business with existing clients has exceeded all our expectations and promises well for the future,” co-CEO Lee Ranson said.
Mark Wasserman, co-CEO of the firm, said that the firm has been very fortunate that clients have entrusted them with some of their most important matters in 2017. The firm’s growth in the last 12 months is a direct result of the cultures that have brought the firms together, he said, adding that he is confident of the firm’s future.
During the year, the firm
launched Eversheds Harry Elias in Singapore and Brunei Darussalam. It also opened offices in
Düsseldorf,
Luxembourg,
St Petersburg, and
Moscow.
It has also promoted 23 lawyers to partner last year, as well as an additional 17 last 1 January. The firm has also attracted 27 lateral partner hires in the last 12 months.
Related stories:
Global firm in line to have another merger
New transatlantic giant reveals new leadership team
