Ashurst breaks £1bn barrier to extend nine-year growth streak

Ashurst has topped the £1 billion revenue mark for the first time, rounding off its ninth consecutive year of growth.

Revenue climbed 8% to £1.034 billion in FY25, up from £961 million last year. Profit per equity partner (PEP) rose 4% to £1.39 million.

The firm has now delivered nine consecutive years of growth, with revenue increasing at an average of 8% and PEP at 10% annually over the period.

Behind the numbers

All of Ashurst’s regions posted growth, with Australia (up 11%) and the Middle East (up 14%) leading the way. The firm’s continental Europe offices also performed well, with Luxembourg revenue up 14% and Spain up 12%. In terms of practice areas, the firm said that real estate was a particular standout, experiencing 49% growth for the year.

The firm promoted 20 new partners and made 32 lateral partner hires over the year. It also continued its tech and innovation push, rolling out legal AI platform Harvey to all 4,300 staff across its network - it says the majority of employees now use generative AI tools in their daily work.

What they said

Global CEO Paul Jenkins said: "Surpassing £1 billion in revenue is a fantastic milestone for the firm. I am incredibly proud that we have achieved our ninth consecutive year of growth, continuing our average growth rate of 8% each year. These results are made possible by the trust our clients place in us and the dedication of our people across the globe. Thank you to our partners, our people, and our clients who have all contributed to this outstanding result".

Karen Davies, global chair, said: "We have an incredible culture at Ashurst across the globe, and this outstanding performance is a result of the excellence and commitment of our people and our unwavering focus on our clients. Our ability to adapt, innovate and collaborate across borders has been instrumental to us achieving our ninth consecutive year of growth and reaching this historic milestone".