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Press Release

Fieldfisher records a 26 per cent increase in half year revenue for 2018/19

29/11/2018

Locations

Belgium, France, Russia and CIS

European law firm Fieldfisher has posted a 26 per cent increase in half-year revenue to £97m compared to £76.7m for the same period last year.

The figures cover the firm's offices in the UK, France, Belgium, Germany and Luxembourg and its USA office in Silicon Valley. They exclude Swiss verein offices in Netherlands, Italy, Spain and China.

Our offices in Germany performed strongly market with an increase in turnover of over 60 per cent with the Frankfurt office launching in May.

The best performing practices were Dispute Resolution; Technology, Outsourcing & Privacy; Finance; and Corporate, all of which delivered more than 37 per cent growth.

Michael Chissick, managing partner, Fieldfisher, said: "We are ahead of target which is a significant achievement against good comparable figures for last year (which represented a 20 per cent revenue increase at the half year).

"All practice groups have increased revenue by at least 10 per cent with more than half delivering increases of over 20 per cent. This consistency across the firm reflects the success of our focus on a smaller number of key sectors within which all practices have been able to win more business.

"The next few months should give us clarity on Brexit and our future trade relationships with the EU. We are confident but not complacent, however, that faster revenue growth outside of the UK, and the addition of new offices in Spain, Frankfurt, Luxembourg, Guangzhou in China, and our Belfast solutions hub, will help to ensure good end of year figures in 2019."

Business highlights have included the Technology team's mandate to advise artificial intelligence and robotic automation tech company Blue Prism across EMEA and the Mining team advising Strongbow Exploration on funding from Orion Mine Finance to help take Cornwall's historic South Crofty tin mine back into production.

The Corporate team was involved in the first London Stock exchange Main Market cryto listing advising Mirabaud Securities in its capacity as bookrunner and corporate broker to crypto-mining company Argo Blockchain PLC.

The Russia and CIS team & Dispute Resolution teams also recently secured victory in the High Court in setting aside a $2.6 billion Worldwide Freezing Order on behalf of its client Mr Igor Kolomoisky and having the a high profile case case against him struck out.

ENDS

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