Fladgate reports strong full year results with further revenue growth of 10%
Fladgate announces its 2022 financial results, seeing revenue growth of 10% to £74m, and PEP of up to at least £930,000. Fladgate has seen revenue growth of 43% over the past two years.
Fladgate has announced its full year results for 2022/23, posting strong revenue growth of 10% to £74 million (the firm has seen 43% revenue growth over the last 2 years). PEP also continues to be positive, up to at least £930,000 year on year.
The results reflect continued growth and progress in delivering the firm’s business strategy, which aims to accelerate the model of providing an ‘Unlimited Partnership’ (a differentiated personal, agile and enterprising approach to service that is clearly differentiated) to its client base of fast-growing and sector leading businesses, entrepreneurs and high-net-worth individuals.
Business highlights
• FY22/23 revenues increased to £74 million (up 10% on the previous year of £67.4 million), with all practices seeing strong client demand and revenue growth.
• Fladgate’s current business plan includes rapidly building out skills and experience that complement the particular needs of clients in its chosen markets. It has continued to expand and deepen this expertise through the appointment of 15 lateral Partners since 1 April 2021, more recently including in financial year 22/23:
o Ed Fuller (Finance Funds and Regulatory)
o Michael Metliss (Real Estate Disputes)
o Antonia Torr (Immigration)
o Tessa Trevelyan Thomas (Corporate)
o Nathan Evans (Tech/IT)
o Doug Cherry (Dispute Resolution)
• 5 internal promotions of Senior Associates to Partner on 1 April 2023:
o Adrian Mawlabaux (FFR)
o Armel Elaudais (Real Estate Disputes)
o Nadia Osborne (Dispute Resolution)
o Nathan Carter-Smith (Real Estate)
o Sophie Burke (Corporate)
In addition, David Rowe, Chief Operating Officer, was appointed to Partner. Grant Gordon, Managing Partner of Fladgate, commented: “The political and economic environment has been volatile over the last period and so it is all the more pleasing to report positive financial results for the firm, with solid growth across our practice areas. The current market opportunity for Fladgate, given its focus on premium work for fast-moving and entrepreneurial businesses and HNWIs, has held up well. Indeed, given the nature of the businesses and individuals we work with, the ongoing economic challenges actually present quite a few opportunities for our clients and therefore for the firm.”
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