Business

Kennedys reports ‘strong’ year of growth

Kennedys has reported record turnover of £238m for the financial year 2019/20, a 9% increase on the previous 12 months.

The firm said Europe and Latin America performed particularly well during the period, supported in part by continued UK growth following the arrival of a 12-strong team from Norton Rose Fulbright last year and growth in Portugal by way of a merger.

The addition of a motor and general liability team from Withers KhattarWong also helped to create one of the largest liability insurance teams at any law firm in Singapore.

There was a 7% increase in headcount worldwide during the financial year, taking staff numbers to 2,150. In the last 12 months, Kennedys has made 20 lateral hires, strengthening its offering in Australia, Chile, Ireland, Peru, Portugal, Singapore, UAE, the US and the UK.

During the year, Kennedys appointed Suzanne Liversidge as its first global managing partner.

Nick Thomas, senior partner at Kennedys, said: “These are impressive results, the obvious difficulties of the last two months of our financial year notwithstanding. We have continued to grow in all our key markets.

“As we embark on the next financial year, we do so with a careful eye on the continuing impact of Covid-19 upon our clients, but with cautious optimism. We opened our new San Francisco office last week and we expect to welcome more joiners to that office and to announce further expansions within our network this year.”

He added: “Our global vision – to be the go-to firm for the insurance sector with on-the-ground capability where our clients need it – continues to attract both clients and new recruits, especially against the background of our commitment to help clients use lawyers less.”

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