Travers Smith returns to growth with record £229m revenue

Travers Smith’s revenue has rebounded after falling 2% in FY2024/25, with the firm recording record turnover of £229.4 million, up 9.1% from last year.

Profit rose 5% to £78 million, while profit per equity partner climbed to £1.4 million, up marginally on last year’s mark of £1.3 million.

Last year’s results followed a strong 2023/24 which itself marked a rebound in profits after two years of decline.

Managing partner Edmund Reed said the year, which included a move to a larger London headquarters at Stonecutter Court in Farringdon, just steps from its old home at Snow Hill, marked a “turning point” for the firm.

“Our new home has genuinely changed something: the energy in the building, the way teams interact, and the impression we make on our clients,” he said.

“We now have a home that matches our quality and ambition, and it provides the perfect foundation for the next stage of our growth.”

What they said

Reed said he was "really pleased" with the results achieved despite "geopolitical uncertainty and economic turbulence".

"Our focus on prioritising more profitable revenue in our strategic areas is working, and we will capitalise on this solid progress as we move into the new financial year," he said.

Senior partner Andrew Gillen said the firm's renewed client strategy was "giving us real clarity and momentum".

"These results give me great confidence that our strategy is working. I look forward to building on this progress next year as we continue to grow, deepen our client relationships and deliver on our ambitions."