Ashurst reported revenues of £1.15 billion for the financial year ending April 30, an 11% increase year-on-year. Profit per partner reached £1.59 million, up 15%. These are the last results it will publish under the Ashurst name: the merger with Perkins Coie, approved by the partners of both firms in April, is scheduled for the third quarter of 2026.
The firm completes ten consecutive years of growth, with an annual average of 9% in revenue and 10% in PEP – an acceleration compared to the previous year, when both metrics grew by 8% and 4%, respectively.
By region, the strongest growth was recorded in the Middle East (33%), the United States (18%), and continental Europe (17%). In the United Kingdom—its largest market—the firm grew by 12%, with the litigation, investigations, and advisory practice driving growth at 21%. The global corporate transactions and finance, funds, and restructuring divisions each grew by 15%.
Eighty-five percent of revenue came from the six priority sectors of the 2027 strategy—banking, energy, infrastructure, private equity, real estate, and technology—exceeding the target ahead of schedule. Ashurst Advance, its technology-based legal services unit, reported growth of over 50% in AI-based services. “This positions us favorably to remain at the forefront of a rapidly evolving legal market and to deliver greater value to our clients,” said Ashurst Global CEO Paul Jenkins.
The combined firm will have over 3,000 lawyers in more than 50 offices, with projected revenues of around $2.8 billion. “These results position us favorably from day one to continue our growth trajectory,” Jenkins said.
