International law firm Addleshaw Goddard has announced its global revenues soared by £33m in its latest financial year despite a "difficult" period.
The business, which is headquartered in London but has a Manchester base, said that jump from £288m to £321m represented year-on-year growth of 12% - and was the eighth successive year of income growth.
The firm said UK transactional activity returned "very strongly" in H2, with continuously high levels of activity across all contentious teams.
Successes across the firm as a whole included a total distributable profit of £136m - a margin of 42% - and a closing cash position of £108m, with 36 new partners on the payroll.
Highlights in Manchester included advising musicMagpie on its £208m IPO on the Alternative Investment Market and advising JD Sports in its acquisition of Go Outdoors, as well as advising three bereaved families in the Manchester Arena Public Inquiry.
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Harold Brako, head of Addleshaw Goddard's Manchester office, said: "Our teams continue to come together really well despite being physically apart for so much of the last 18 months and I'm continually impressed by their resilience and their support to our clients.
"Over the last year, it's been great to see the enthusiasm from clients to the wide range of resources and expertise we can bring to their local and international requirements and we remain grateful to them all for trusting us with their projects."
John Joyce, managing partner of the firm, added: "We are incredibly proud of the people we have at AG. Their combined team effort and our great clients have seen us deliver strong growth, higher profitability and further balance sheet strength in challenging times.
"In the last year we have kept many investments on track and our teams have overcome tremendous disruption to support our efforts including the successful opening of our France office a year after launching in Germany and I can’t thank them enough.
"We will continue to try to be as flexible and supportive as we can be in order to help people succeed and are investing heavily in bonuses this year as well in recognition of people’s efforts."
