International firm Charles Russell Speechlys today announced firm-wide revenue growth of 3% off the back of a nearly 25% growth outside of the UK, though average profit per equity partner (PEP) dropped slightly.

The firm posted revenue of £178.3m for the year ending 30 April 2022, following last year’s announcement when revenue rose by 8.6% to £173m.

Charles Russell Speechlys’ net profits grew by 1.3% to £40.1m, which generated PEP of £526,000 – following a 37.6% jump in net profits in the last financial year which saw PEP leap by 40% to £533,000.

Growth in firm-wide revenue, supported by a 24% rise outside the UK, was ‘driven by supporting clients with their growth plans and new client wins, particularly in Switzerland, Paris, Luxembourg and the Middle East offices’, the firm said. 

Managing partner Simon Ridpath said: ‘Under a continued backdrop of uncertainty and volatility, we have consciously consolidated our investments into developing our IT infrastructure, improved systems and salaries. Despite the global challenges, I firmly believe we can influence business confidence. There is impressive growth outside the UK, this aligns with our international growth strategy and I fully expect this trajectory to continue.’