Eversheds PEP jumps 8% to £1.4m in eighth straight year of growth

Eversheds Sutherland's international arm has posted its eighth consecutive year of revenue and profit growth, with turnover for 2024/25 up 3% to £769 million and PEP climbing 8% to £1.4 million.

The firm saw growth across all regions, practice groups and sectors during the year, said CEO Keith Froud.

Big-ticket mandates included advising Morrisons on the £2.5 billion sale of 337 petrol stations to Motor Fuel Group, and acting for residential property giant Annington on its £6 billion sale of the Married Quarters Estate to the Ministry of Defence - one of the largest property transactions in UK history.

Global moves

The firm made 18 lateral partner hires in the year, bolstering its bench across key markets. Notable additions included Quinn Emanuel’s UK competition co-head Lambros Kilaniotis and Freshfields’ Japan disputes head Joaquin Terceño - both joining in London last September. The firm also streamlined its German presence, closing its Berlin office at the end of last year.

What they said

"I am pleased to announce another year of robust financial performance," commented Froud.

"This is a clear demonstration of the strength and success of our strategy and which positions the firm well for the future.

"Looking ahead, we remain confident in our strategy and our ability to build on this momentum. Our focus will remain firmly on delivering exceptional results for our outstanding roster of clients, as well as investing in our talent, our market capabilities and our global platform."