Fieldfisher Birmingham has announced its results for the financial year 2022/2023, recording strong growth in line with the impressive performance of the wider European firm.
The Birmingham office posted a revenue increase of 12% year-on-year, having grown steadily since Fieldfisher opened its Midlands hub in 2016. Fieldfisher as a firm is celebrating its tenth consecutive year of revenue growth to £370 million – up 11% on the previous financial year.
Fieldfisher Birmingham’s Office Leader Ranjit Dhindsa commented:
“We are thrilled with our financial results this year, which reflect the hard work of our team and the continued trust and support of our ever-growing client base, who rely on us for premium legal advice in the Midlands.
“Our capacity to offer our clients local support and knowledge backed by a wider international network of leading legal experts and commercial relationships has helped boost our work in all areas, particularly our proficiency in specialist litigation and business transformation.
“Our Dispute Resolution team is instructed on some of the highest value arbitration cases in the UK today, our Corporate team is acting on significant international M&A deals and our Real Estate team is advising on major property development and regeneration projects around the country.
“Our Employment group is collaborating with our European offices on cross-border projects for numerous high-profile clients and our Contentious Tax team is extremely busy with HMRC disputes and professional negligence cases.
“Going forward, we remain focused on supporting the wider firm’s strategy to deliver growth and foster greater collaboration in support of our clients’ needs in Europe and internationally.“
Practice area highlights
All Fieldfisher Birmingham departments delivered increased revenue growth:
- The Dispute Resolution team is currently representing clients in the firm’s largest arbitration case involving a multi-billion dollar project in the energy sector; our competition litigation specialists successfully represented demolition company Cantillon and its director Paul Cluskey in connection with a Competition and Markets Authority Investigation; and the team advised a tech company in a procurement litigation dispute with the UK’s Department of Work and Pensions securing a seven-figure damages award.
- The Employment, Pensions, Immigration and Compliance team’s varied portfolio of work last financial year spanned investigations, whistleblowing and diversity and inclusion matters, as well as assisting international clients with personnel issues in collaboration with the firm’s European offices. The team’s clients include advanced manufacturing and engineering, technology, medical equipment, transport (road, rail and air) and professional services.
- The Real Estate group has been busy with local and national projects, including major life sciences developments in the UK’s ‘golden triangle’ of London, Oxford and Cambridge; regeneration projects across Birmingham, the Midlands and the South West; housebuilding developments and heritage asset matters.
- The Corporate team had an active year for M&A and wider transactional activity, representing local, national and international clients including a management buy-out transaction for building and plumbing merchant John Nicholls; advising technology company Joblogic on a £60 million investment and the acquisition of its competitor Protean; advising boutique luxury hotels brand Mr & Mrs Smith on its sale to Hyatt Hotels; and acting for a Belgian multinational basic materials company on its UK acquisitions.
- The Contentious Tax team continues to be highly regarded for its ability to provide specialist support to clients involved in tax disputes. In the last financial year the team acted for numerous clients against HMRC and in high value professional negligence claims.
Fieldfisher Birmingham contributed significantly to the firm’s impressive overall results, participating in revenue generation for the firm’s four key focus sectors of energy and natural resources, technology, life sciences and financial services.
Underpinning the growth strategy is an ongoing investment in bringing new talent to the firm and Fieldfisher Birmingham intends to double in headcount and revenue in the next five years.