Kingsley Napley LLP is proud to announce its best-ever revenue, profit and PEP figures with its financial results reporting for year-end April 2024.
A record turnover of £71.8m for the period represents a 17% increase in revenues compared to the previous financial year.
Total profit was up 56% year on year at £22.5m, whilst profits per equity partner (PEP) came in at £466k, the highest in the firm’s history.
Kingsley Napley embarked on an ambitious new growth strategy in autumn 2021, following its move to a new London HQ. This involved a significant two-year investment phase in infrastructure and partner hires to lead various new adjacent service lines, impacting profits in the short term. Today’s figures show that this investment is now bearing fruit.
Kingsley Napley’s Managing Partner Linda Woolley comments: “This year’s tremendous results have exceeded our forecasts and show our strategy is working.
We saw increased revenues in all areas of our business in the last financial year. Our Criminal Litigation, Dispute Resolution, Immigration, Family & Divorce, Public Law and Regulatory practice areas performed particularly well.
We have broadened our service offering in the last eighteen months adding new capabilities in Tax, IP Disputes and International Arbitration, for example. Our new Restructuring & Insolvency team has been a notably strong revenue contributor already.
I am confident we will continue on a positive trajectory with the new Labour Government expected to usher in a busy period of activity for our corporate, government and HNW clients.”
The firm is targeting revenue in the £73.5m range in the year ahead, with no further major partner hires or practice area expansion planned. This adjusts to £67.3m given the firm will report truncated 11-month figures in April 2025, due to the basis period reform tax changes affecting all law firms in the sector.
Kingsley Napley’s announced revenues for 2022/23 were £61.2m; total profit was £14.5m whilst PEP was £225k.
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