The firm expanded its office footprint, recruited 13 lateral partners and rolled out an AI legal platform
Browne Jacobson has reported record revenue of £148.8 million, marking a 9% increase on the previous year as the firm continued its expansion across the UK and Ireland and increased investment in artificial intelligence and lateral hiring.
The law firm said growth was driven across its core sectors, including health and life sciences, government, education, financial services and insurance, as well as its corporate practice serving clients in sectors such as retail, manufacturing, infrastructure, real estate and construction.
The results were achieved before any contribution from Browne Jacobson Northern Ireland, formerly Davidson McDonnell, whose £5.5 million Belfast business joined the firm in May as part of its strategic expansion across the island of Ireland.
During the year, Browne Jacobson also expanded its office footprint, relocating its Cardiff team to new premises at One Central Square and doubling its Manchester office space at No.1 Spinningfields. The firm made 13 lateral partner hires, including six in London, alongside annual partner promotions.
The firm said it had accelerated investment in technology through the rollout of the AI legal platform Legora, supported by a firm-wide digital fluency strategy aimed at helping staff make effective use of artificial intelligence and emerging technologies.
Richard Medd, managing partner of Browne Jacobson, said: “This has been a year of purposeful investment, bold ambition and significant progress.”
He added: “We have strengthened our presence across the island of Ireland, welcomed and promoted exceptional talent, accelerated our adoption of AI and continued to invest in the capabilities that will define the future of professional services.”
Medd said the firm was increasingly being chosen by organisations undergoing complex transformation, including international businesses entering the UK market, universities, insurers, health providers and investors.
He continued: “While we are very pleased to have delivered record profitable and sustainable revenue, what excites us most is the platform we have built for the future. We have invested with conviction because we believe the opportunities ahead for our clients, our people and our business have never been greater.”
Among the firm’s notable mandates during the year were advising SKIMS on its Regent Street flagship store, the Office for Life Sciences on the £85 million Obesity Pathway Innovation Programme with Eli Lilly, Homes England on major regeneration projects and the Welsh Government on the Morlais tidal energy project off Anglesey.
The firm also secured a series of panel appointments and client wins, including Pure Gym, Mace Group, Zeiss, Elysium Healthcare, the Crown Commercial Service central government panel, the London Universities Purchasing Consortium, London Ambulance Service and the North West Legal Consortium.
During the year, Browne Jacobson launched an Investing in the UK and Ireland report based on research involving 360 C-suite executives from businesses with revenues of more than £100 million, examining opportunities and barriers facing organisations investing in the two jurisdictions.
The firm said it would continue focusing on growth, innovation and strengthening links between the public and private sectors as it seeks to build on its latest financial performance.