Kennedys posts 20% profit surge as it targets $1billion turnover by 2030
updated on 16 February 2026
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Global law firm Kennedys has reported a significant rise in profit for the year ending 30 April 2025. Newly filed accounts at Companies House show the firm recorded a 20% increase in pre‑tax profits, reaching £128.6 million before members’ remuneration and profit shares.
The jump follows last year’s rise of 13% in global revenue to a record £428 million, although the firm didn’t disclose profit figures at the time. The rise in profits bolsters confidence in the firm’s ambition to surpass $1billion (£730 million) in global revenue by 2030, according to The Law Society Gazette.
Senior partner John Bruce previously described Kennedys’ 2030 target as an “ambitious goal”. The firm has seen significant expansion since its 2017 merger with US insurance specialist Carroll McNulty & Kull, with income at its insurance and disputes‑focused practice trebling since then.
The latest financial performance comes despite a notable rise in staff‑related expenditure. Kennedys’ employee costs climbed from £183 million in 2023/24 to £205 million over the past year. Total staff numbers grew from 2,260 to 2,477, while LLP membership increased from 337 to 358.
Meanwhile, growth was recorded across all of the firm’s key geographical markets. For example, UK income rose from £194 million to £209 million, while revenue in North America jumped from £86 million to £105 million.
Partners also saw increased payouts. The highest‑earning partner received £1,717,000, up from £1,544,000 in the previous financial year.
