Strong global performance contributes to 18% revenue growth at Addleshaw Goddard
Expanding into new regions together with continued focus on core markets and key sectors alongside material investments in people, platform and client service delivers 10th successive year of revenue and profit growth.
Strategic progress – Key indicators:
John Joyce, Managing Partner, Addleshaw Goddard, said:
"Thanks to the hard work of teams across the business we made great progress again last year across many different fronts, resulting in another set of outstanding results. It is especially encouraging to see the positive impact of our strategic focus to better support and service clients around the world, win new market share and establish AG as a destination employer.
"We continue to broaden our capabilities to support clients wherever they might need us and the scale of our investments I believe demonstrates our ambition to continue increasing the value we can offer to our clients whilst creating new opportunities for everyone who works in AG. In the last two years we have added materially to our partner group with nearly 100 appointments. We are more global than ever too, now with 7 offices in Europe and with Riyadh, our 4th office in the Middle East – expected to open shortly."
Approximately 80% of the firm's income is generated through its six core sectors: Energy & Utilities, Financial Services, Healthcare, Retail & Consumer, Real Estate and Transport. During the year the firm acted on a range of complex, high value and strategically important assignments across each sector.
Some of the highlights:
- #10th in the UK for total market cap of stock market clients and #7th for FTSE 100 clients
- ASDA - £2.3bn buyout of EG Group's UK and Ireland businesses
- BP Oman - $1bn+ green hydrogen and ammonia project
- British International Investment - $200m investments in hydropower projects across Africa
- COFCO International - $1.6 billion sustainability-linked loan with a consortium of 30 banks
- DP World on US$2.4bn investment in three UAE assets
- Advising 10 of the UK’s largest banking providers on the establishment of Cash Access UK Limited, a ground-breaking JV designed to protect cash access across the UK
- A significant success before the Court of Appeal, which increased the judgment against IBM in favour of Soteria Insurance to £80.5m (before interests and costs) in a high profile tech dispute
- Rathbones - combination with Investec, creating a £2bn wealth management business
- United Utilities - £1.75 billion Haweswater Aqueduct Resilience Project; the first project to use Ofwat's Direct Procurement for Customers model