Fladgate tops £100m revenue and continues lateral hiring push

City firm Fladgate has hit £100 million in revenue for the first time, with its 2025-26 turnover set to exceed £102 million - nearly double its £51.7 million revenue from five years ago and up 16% on last year.

The record financial results come in tandem with the arrival of tax partner Richard Harbot from DLA Piper and four new partner promotions.

The firm attributes its growth to investments into its private capital and disputes practices, making it clear that private capital is a priority going forward.

The three-year expansion strategy

Fladgate has around 109 partners and is known for its mid-market corporate and M&A work, real estate practices and private client offering.

It’s now part way through a three-year growth strategy - which began in 2024 - focused on private capital and disputes, and driving its corporate, real estate, funds and finance practices.

Part of the plan has included an aggressive partner poaching spree - last year the firm set a target of welcoming 24 new laterals by 2027. Harbot’s arrival takes the tally to 21 since April 2024. 

In 2025, the first year of the three-year plan, the firm posted record results of £88 million in revenue and a PEP figure of £1 million - up 17% and 20% on the previous year respectively. All non-partner staff were also rewarded with a £2,500 bonus.

In February last year, Fladgate absorbed a 25-strong team from now-defunct Memery Crystal which included nine partners.

What they said

“Breaking through the £100m revenue marker is a milestone that we are extremely proud of,” said managing partner Grant Gordon.

“This achievement demonstrates the impressive ambition and hard work exemplified across the firm.”

Commenting on Harbot’s hire, he said: “Richard’s arrival brings to life our determined lateral hiring strategy, as well as our appeal to market-leading talent in the legal industry, as we continue to target not just growth, but profitable growth, all within a truly focused business that promotes a sense of collaborating as true partners with our clients, which is something our clients truly value.”