Addleshaw Goddard boosts staff bonus pot after 17% profit growth

Dimitar Dimitrov is a content and engagement coordinator at LawCareers.Net

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International law firm Addleshaw Goddard has increased its annual staff bonus pot by £3 million, from £19 million to £22 million. The move follows a reported 17% rise in both revenue and profit for the financial year ending 30 April.

The firm announced that distributable profit rose from £224 million to £262 million, while revenue increased from £551 million to £644 million. Profit per equity partner reached £1.1 million. The results mark the ninth consecutive year in which the firm has recorded growth in both revenue and profit.

Managing partner of Addleshaw Goddard, Andrew Johnston, said: “We have delivered impressive headline growth by strengthening our client relationships, taking increased market share and winning clients in new and existing markets.

“Every part of our business has taken a step forward with strong performances right across all of our sectors and markets. Financial services and real estate made a particularly significant contribution, alongside rapid expansion in sectors such as energy and utilities, industrial and advanced manufacturing and technology.”

The firm also expanded its global workforce during the year, with headcount rising by 9% to 3,216 employees. The growth followed the opening of new offices in Warsaw and Abu Dhabi, as well as its latest office in Amsterdam, which launched on Wednesday 1 July.

More than one-third of the firm’s staff relocated offices during the year. Moves included the relocation to a new flagship headquarters in London, as well as office moves in Edinburgh, Glasgow and Riyadh.

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