Fieldfisher’s PEP fell by 3% from £1 million to £975,000 in 2025/26 while revenue rose 4% to £398 million.
The firm merged with Irish firm Regan Wall, launched a business services hub in Belfast and opened new offices in Poland and Portugal during the year.
Fieldfisher's average partner pay slipped below the £1 million mark in 2025/26 despite another year of revenue growth, as the firm continued to invest in its European platform.
Profit per equity partner fell 3% to £975,000, while revenue increased 4% to £398 million.
Fieldfisher first broke the £1 million PEP barrier in 2022 when average partner pay jumped from £860,000 to £1.05 million. The figure has hovered around the £1 million mark since.
Expansion and consolidation
The firm’s Irish business grew 25% during the year, merging with Dublin and Cork M&A boutique Regan Wall and taking its headcount in Ireland to 18 partners.
The firm also opened new offices in Warsaw, Kraków, Lisbon and Porto, and said it reported strong performances across Austria, France, Germany and the UK.
Alongside its expansion, Fieldfisher also took some cost efficiency measures during the year, including moving 90 roles to its Belfast business services centre.
The firm also recorded double-digit growth across its employment, personal injury and medical negligence, and real estate practices.
What they said
Managing partner Robert Shooter said the year had been one of "significant investment" despite “difficult market conditions”.
He said the firm's expansion across Poland, Portugal and Ireland, together with investment in Belfast and technology, would strengthen its ability to support clients across its international network.
“As we look ahead, our focus is on building on these foundations, deepening collaboration across the firm and translating these investments into sustainable growth,” he added.
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