Addleshaws records 17% revenue growth and boosts staff bonus pot

Addleshaw Goddard has posted FY25/26 revenues of £644 million, a rise of 17% from the last fiscal year.

Profits are also up 17% to £262 million, profit per equity partner reached £1.1 million compared to last year’s £1 million, and the staff bonus pot increased from £19 million to £22 million.

The firm’s worldwide headcount rose by 9% to more than 3,200 employees, and its partner count sits at 479 globally, an 8% increase on last year.

New offices, new partners

AG opened two new offices in Warsaw and Abu Dhabi over the past 18 months, and is set to add 17 further partners when it opens its 22nd office in Amsterdam on 1 July.

Managing partner Andrew Johnston said the last fiscal year included “strong contributions from our offices outside the UK, as our European and Middle East platforms mature”.

The firm also relocated to a new London headquarters in the City, and moved to larger premises in Edinburgh, Glasgow and Riyadh. Johnston noted that over a third of its staff moved offices this past year.

“We have continued to invest significantly in offices, people and technology across key markets to better service our clients,” he said.

“At the same time, we have further strengthened our balance sheet. This has been achieved against the backdrop of more than one third of our people moving office this year, through the relocation to flagship headquarters in London and moves in Edinburgh, Glasgow and Riyadh, enhancing our client and employee experience,” he added.

Compensating top talent

AG boosted its staff bonus pool by 16% to £22 million to “meaningfully reward colleagues who are making the most material contributions”.

The firm has also “stretched the top” of its partner equity ladder to attract and retain talent, and said it is focusing on preventing pay bunching by continuing to invest in the salaries of experienced associates. 

“The firm has increased the number of partners and people, enhancing our expertise in areas such as cyber security, technology and transition finance in order to meet client demand,” Johnston said.

The firm has advised on some major deals this year including the National Wealth Fund on the £36 billion financing package for Sizewell C and Virgin Money on the sale of its investment business to Octopus Money, part of Octopus Group.