Turnover at Bristol-headquartered national law Burges Salmon has shot up by 27% to £163m – a direct result, it said, of ongoing investment in its clients, people, premises, technology and innovation and the responsible business agenda.
The firm also increased profit per equity partner (PEP) by 42% to £661,000 and net profit by 46% to £50.5m in its 2023/24 financial year. 
The PEP rise in sharp contrast last year’s figure. While revenue rose by 8% in the 2022/23 financial year, net profit fell by 8.7% at £34.6m and profit per equity partner (PEP) was nearly 10% lower at £466,000.
Burges Salmon, which has expanded its headcount by 30% from 850 to more than 1,100 people since May 2021, said last year’s revenue growth was achieved across multiple sectors and practice areas.
Its key sector groups of built environment, energy & utilities, financial services, infrastructure, private wealth, public sector and transport led the way with average revenue growth of 32% following continued investment.
The two largest sectors – built environment and energy & utilities – grew by 40% and 38% respectively.
Burges Salmon, which also has offices in London and Edinburgh, said a specific sector-focus had enabled it to maintain its leading position in its chosen markets as well as allowing it to advise clients on net zero and sustainability alongside its clients’ wider ESG agendas.
Growth was also driven by strong performances from many of its practice areas, it said, with teams including banking & finance, construction & engineering, dispute resolution, employment, planning & compulsory purchase, pensions & lifetime savings and projects all achieving revenue increases in excess of 20%. 
Its sector approach and what it called a reputation for complex, nationally important and ground-breaking work, resulted in it being appointed by a range of organisations including FirstGroup, HSBC, Tritax Big Box, Bluefield Solar, the UK-wide COVID-19 Inquiry, Affinity Water, Innovate UK, Atrato Onsite Energy, Gravis, Pennon Group, FSCS, Virgin, Translink and AOTI Inc.
It also said its investment in a progressive client experience (CX) programme to identify the key touchpoints of its clients’ journey had ensured it provided a consistently exceptional service.
Burges Salmon managing partner Roger Bull, pictured, said: “These results demonstrate the collective strength and dedication of all of our people, during a year that has seen the value of our strategic investments come to fruition.
“We’ve seen positive growth across the entire firm, stemming from a deep focus on our markets, our people, and, importantly, our clients.
“Our commitment to understanding and meeting our clients’ needs has been a driving force behind this success.
“We take pride in our responsible business agenda, our technology and innovation initiatives, and our investment in our people.
“These elements are at the core of our firm’s ethos and have been instrumental in driving our successful financial performance.”
