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Global law firm Ashurst has surpassed the £1 billion revenue milestone for the first time, marking its ninth consecutive year of strong financial growth.
Ashurst has marked a significant milestone, surpassing £1 billion in revenue for the first time, with a total of £1.03 billion for the financial year ending 30 April 2025.
This milestone represents an 8 per cent increase from the £961 million of the previous financial year.
The global law firm has now recorded nine consecutive years of revenue growth, with average annual increases of 8 per cent in revenue and 10 per cent in profitability.
In a statement, Ashurst expressed that its sustained growth and strong financial performance reflect the success of its “strategic focus on priority industries, practice areas and markets”.
Global CEO Paul Jenkins expressed pride in the firm’s consistent performance and its achievement of a significant financial milestone.
“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 per cent each year,” Jenkins said.
“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 strong growth across all regions in FY2024–25, with standout performances in the Middle East (14 per cent), Australia (11 per cent), and Hong Kong (19 per cent). Continental Europe also recorded solid gains, particularly in Spain (12 per cent) and Luxembourg (14 per cent).
All global divisions reported revenue increases, with the digital economy practice leading the way, growing by 21 per cent globally. The firm expressed that this surge was attributed to the “ongoing transformation in the legal sector”.
Other key developments for Ashurst in FY24–25 included the global rollout of its generative AI platform, Harvey, to all 4,300 staff members, as well as the launch of Ashurst Risk Advisory in the Middle East.
Reflecting on the firm’s key milestones, global chair Karen Davies said they are a testament to Ashurst’s people and culture.
“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,” Davies said.
“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.”
Jenkins said: “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.”
