Leeds-based Addleshaw Goddard reported record firm-wide revenue and profit in the 2018/19 financial year, with every office experiencing growth in income and five key sectors contributing 60% of earnings.
Addleshaw Goddard earned global revenue of £275.4 million. This was the highest on record for the firm and 14% up year on year. It was also the second consecutive year of double digit income growth.
Profit exceeded £100 million for the first time ever, increasing 16% on the previous financial year.
Every Addleshaw Goddard office experienced growth in both income and headcount. The Leeds-based office of the firm welcomed the arrival of tax and structuring partner Martin Griffiths earlier this year.
The energy and utilities, financial services, health and life sciences, retail and consumer, transport sectors contributed 60% of revenue in the 2018/19 financial year.
A highlight of the 2018/19 financial year was the Addleshaw Goddard real estate team acting on the complex, high-value pre-let to Premier Farnell of the largest ever warehouse development in Leeds.
The new 361,000 square foot distribution centre is located at Muse Developments’s flagship Logic Leeds site on the southeast side of the city.
Commenting on the firm-wide results, John Joyce, managing partner of Addleshaw Goddard said: “Another very strong year—financially and operationally. Organic revenue growth of 14% combined with a 37% profit margin and our second consecutive year of double digit growth shows the resilience, strength and ambition across our business with all divisions, every office and every jurisdiction outperforming plan.”
