BLP boosts revenues by 30% at H1 point.

18.11.2010

Berwin Leighton Paisner (BLP) has posted a 30% increase in revenue at the half-year mark, with growth in the firm's Moscow arm cited as a key contributor to the results.

The firm has seen turnover rise to £103m for the first six months of 2010-11, up from the figure of £79m took in during the same period last year.

The firm said that strong-performing sectors including corporate, finance, litigation and dispute resolution, real estate and tax were responsible for the growth, alongside a 60% rise in turnover in the firm's Russian office.

The firm posted a 5% drop in revenues for the first half of the financial year in 2009-10.

Managing partner Neville Eisenberg (pictured) said: "Moscow growth certainly played a part in this increase. However, our contentious City practices have been very busy this year and we have also seen strong growth in our real estate, corporate, finance and competition practices.

"We continued to invest in the business through the recession including, for example, in lateral partner hires and this has also contributed to our revenue growth."

The strong half-year results follow a 6% rise in turnover for the firm over the last financial year, with revenue increasing to £191m from £180m.

BLP has also recently bulked up its Singapore office with the hire of a corporate finance team from Holman Fenwick Willan led by practice head Alistair Duffield.

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