Global law firm Ashurst today announces its results for the financial year ended 30 April 2025, achieving a significant milestone as revenue surpasses GBP 1 billion for the first time in the firm's history. Revenue for FY25 stands at GBP 1.034 billion (EUR 1.232 billion), up 8% from GBP 961 million (EUR 1.145 billion) in FY24, with profit per equity partner of GBP 1.390 million (EUR 1.656 million).

The performance marks Ashurst's ninth consecutive year of growth, with revenue and profitability growing by 8% and 10% respectively on average each year over the period. The results underscore the success of the firm’s strategic focus on priority industries, practice areas and markets.

Paul Jenkins, Global CEO, said:

“Surpassing GBP 1 billion in revenue is a fantastic milestone for the firm. I am incredibly proud that we have achieved our ninth consecutive year of growth, continuing our average growth rate of 8% each year. These results are made possible by the trust our clients place in us and the dedication of our people across the globe. Thank you to our partners, our people, and our clients who have all contributed to this outstanding result."

"Our strong 2025 financial results demonstrate the strength and resilience of our business and are a clear indication that our 2027 Strategy is delivering tangible results. By focusing on our clients, and concentrating on our priority industries, practice areas and markets, this year we achieved record revenue, and another year of impressive growth."

Ashurst reported growth across all regions with standout performances in the Middle East (14% revenue growth), Australia (11%) and Hong Kong (19%). Continental Europe also grew strongly, particularly in Spain (12%) and Luxembourg (14%). In the US, the Disputes, Investigations & Advisory division achieved 35% growth, and the Projects & Energy Transition division grew by 18%.

The firm’s six priority industries now account for more than 85% of revenue, with the Real Estate sector experiencing exceptional growth of nearly 50%. All global divisions reported increased revenues, notably Ashurst Advance & Consulting, achieving 20% growth, amid strong demand for the firm's legal-led consulting and NewLaw capability. The Digital Economy practice also saw significant global growth of 21% reflecting ongoing digital transformation in the legal sector.

Other growth across the firm's divisions includes Disputes, Investigations & Advisory (10%), Finance, Funds & Restructuring (8%), particularly in the UK with the Financial Regulatory practice up 34%, and the Planning, Access and Environment practice with solid growth of 8%. Additionally, the firm saw strong demand for Corporate across the globe, with Germany, Luxembourg, the Middle East, Spain and Indonesia showing at least double-digit growth.

Ashurst accelerated its digital and innovation agenda with the global rollout of Harvey, a generative AI tool designed for the legal sector, to all offices globally and all of its 4,300+ people from day one. This digital transformation has driven efficiencies and enhanced the services provided to clients, with a majority of the firm's workforce globally now regular users of generative AI in their daily work.

In a market first, the firm also launched Ashurst Risk Advisory in the Middle East and expanded its India practice with the appointment of two prominent lawyers as Co-Heads, based in London.

In its contribution to the communities in which it operates, Ashurst increased its commitment to pro bono work with a 16% increase in time contributed.

Global Chair, Karen Davies said: "We have an incredible culture at Ashurst across the globe, and this outstanding performance is a result of the excellence and commitment of our people and our unwavering focus on our clients. Our ability to adapt, innovate and collaborate across borders has been instrumental to us achieving our ninth consecutive year of growth and reaching this historic milestone. What we have achieved together is fantastic, and I’m confident that our values-led, client-centric approach will continue to underpin our success in the years ahead.”

Paul Jenkins concluded: "Delivering impressive results year on year allows Ashurst to look to the future with confidence. We remain focused on the clear objectives we set for the firm with our 2027 Strategy and with significant change occurring in the legal industry, we are well placed for our clients and people to continue to lead some of the most complex and high-profile transactions and disputes in the market."

Representative mandates

UK

· Acting for an African based LNG producer in the successful defence of a multi-billion USD claim, in London seated arbitration proceedings, in relation to contracts for the supply of LNG. (UK)

· Future Biogas on launch of UK's first unsubsidised biomethane plant (UK)

· Hitachi Rail on the supply of fourteen new trains to drive First Rail open access growth (UK)

· J.P. Morgan Cazenove on £3.5 billion takeover of Royal Mail owner (UK)

· Lendlease on its landmark joint venture with The Crown Estate (UK)

· Acting for a Proposed Class Representative in a class action filed in the Competition Appeal Tribunal against Motorola. The claim seeks damages in excess of GBP 650 million for Government bodies and public authorities such as the emergency services (police forces, fire and rescue services and ambulance services), central government departments, local authorities, maritime and coastguard organisations. The claim is funded by the Home Office. (UK)

· The selling consortium on the €5B sale of UK power network operator Electricity North West to Iberdrola (UK)

· Tritax on the UK's largest data centre development and creation of UK data centre investment platform (UK)

· UK Government on the closing of the UK's first CCUS projects, as well as the signing of the first three landmark low carbon hydrogen production contracts (UK)

US

· Georgia Department of Transportation ('GDOT') on the SR-400 Express Lanes project - GDOT's first P3 and largest project to date (US)

· University of Utah on the largest US university student housing project (US)

Middle East

· Inception Artificial Intelligence on its strategic partnership with Kore.ai (Dubai, UK)

· Petrochemical Industries Company K.S.C on its successful public auction process investment in Wanhua Yantai (Dubai, Shanghai, Singapore, UK)

· Zahid Group on US$1.3bn acquisition of Barloworld (Dubai, Italy, Saudia Arabia, Spain)

Europe

· Aviva Investors on the investment in Connected Infrastructure Capital GmbH to drive growth in renewable energy (Germany, Luxembourg, UK, Belgium)

· BNP Paribas on one of Spain's biggest renewable energy transactions in recent years (Spain, Singapore)

· A club of investors on a landmark €500 million Italian solar investment (Italy, UK)

· Deutsche Bank on "Water for All" infrastructure project in Côte d'Ivoire (France)

· Equitix on €271m financing for the construction and development of a hybridized renewable energy portfolio (Spain)

· Midea Group on its IPO on the Hong Kong Stock Exchange as a Special German Counsel, being the largest IPO in three years on the Hong Kong Stock Exchange (Germany, Hong Kong)

· Octopus Energy Generation in connection with the expansion of FFNEV's activities into France (France)

Australia

· ANZ on its acquisition of Suncorp Bank. This transaction represents the largest banking acquisition in Australia in over a decade (Australia)

· A major Australian Superannuation Fund on its response to a coordinated cyberattack, including advising on immediate response strategy as well as post incident legal and regulatory review issues (Australia)

· EnergyAustralia in the defence, and successful pre-trial settlement, of a greenwashing claim in relation to Energy Australia's GoNeutral energy product being described as "carbon neutral". The proceedings were the first-of-their-kind globally with respect to alleged greenwashing. (Australia)

· Envest as part of the Ardonagh Group on the A$2.3 billion proposed acquisition of PSC Insurance Group Limited via a scheme of arrangement (Australia)

· FinClear on the development and launch of the FCX financial market platform, the first of its kind distributed ledger platform for the trading and settlement of private market securities (Australia)

· Mainstream Renewable Power on its consortium arrangements in Gippsland Skies which proposes to develop a 2.5 GW offshore wind project off the Gippsland region of Victoria, the first offshore wind development area in Australia (Australia)

· Nippon Life on its agreement to acquire Resolution Life for US$8.2 billion and the remaining 20% stake in MLC held by NAB for A$500 million (Australia, Japan, UK)

· Qualitas as financier to GURNER Group in connection with Tower 1 / stage 1 of GURNER Group's A$1.7bn "Elysium Fields" residential and wellness precinct in Docklands, Melbourne (Australia)

Asia

· Axiata Group Berhad and Dialog Axiata Plc on merging its Sri Lanka telecommunication operations with Bharti Airtel Limited in an equity swap deal to create the largest telecoms business in Sri Lanka and the establishment of a new Mobile Telecoms Joint Venture in Sri Lanka between Axiata and Bharti. (Hong Kong, UK, Australia)

· HSBC on the first digitally native corporate bond offering (Hong Kong, UK)

· Kamal Al Mana and others on the acquisition of McDonald's Korea from McDonald's – a landmark transaction in South Korea (Singapore, South Korea)

· Multiple parties in the blockbuster sale by Mr Lim Chap Huat (founder of property developer, Soilbuild) and Blackstone of a S$1.6 billion portfolio of assets held by Soilbuild REIT, to a Warburg Pincus-Lendlease platform focused on life sciences and R&D real estate in Asia-Pacific, the largest private industrial real estate deal in Singapore in 2024 and represents one of the largest trades of a real estate portfolio in Singapore's history. (Singapore, Hong Kong, Sydney)

· Sponsors Eni, PETRONAS and Euglena on the development and financing of an approx. US$1.5 billion bio-refinery located in the Pengerang Integrated Complex in South Johor, Malaysia. (Singapore)