Fieldfisher has achieved a small, three percent profit gain with its profits per equity partner (PEP) at £1million as firm-wide revenue, including that of its verein structure, grew by a very modest one percent to £385m.
The Fieldfisher results cover the 12 months to 31 March 2025, when the integrated Fieldfisher firm delivered revenue of £364m, which was a 10 percent increase on an annualised basis.
The media statement announcing the results is below –
European law firm Fieldfisher has announced its financial results for the 12-month period covering 2024/2025.
Last year Fieldfisher reported 11 months of trading, due to the HMRC basis period reform change, which prompted the firm to change its financial year end to 31 March 2024. The firm’s comparative revenues have, therefore, been annualised to better compare performance between the two years.
Key figures and highlights include:
- Firm-wide revenue (including Verein) reached £385 million, an increase of 1% on an annualised basis.
- The integrated Fieldfisher firm delivered £364 million in revenue, an increase of 10% on an annualised basis.
- Profit Per Equity Partner rose to £1 million, up 3% from the previous financial year.
- Revenue growth was achieved across all departments, with double-digit increases in the Regulatory, IP, Tax, Real Estate and Personal Injury and Medical Negligence practices.
- Revenue growth was also recorded across the firm’s European network, with double-digit increases in newly opened offices in Austria and Italy, as well as in Germany, Spain and the Netherlands.
- Fieldfisher’s Alternative Legal Services continued to thrive, including £12 million delivered by Fieldfisher Condor this financial year.
Fieldfisher’s Managing Partner Robert Shooter commented:
“This has been a period of strategic transformation and investment in our firm. We have expanded our European presence, adding new offices in Austria, Italy, Poland and Portugal to our network in the last two years. We have also made significant investments in our premises in Hamburg, Berlin and Dublin, with the Birmingham office move and the refurbishment of our London headquarters taking place later this year. Our focus on growth in our chosen sectors and key areas of expertise has driven our recruitment of 20 new partners across our international network.
Against this backdrop, we have achieved growth across all offices and practice areas, continuing to innovate and deliver excellent client service. I would like to thank our lawyers and business services professionals for their contributions. We have ambitious plans for the future and are confident that our current strategy of transformation and integration across our international network will sustain our success in the coming period.”
Progress against strategic objectives
European expansion
As part of its 2022-2025 strategy, the firm has made significant strides towards becoming Europe’s leading law firm. Following office openings in Austria, Poland and Portugal and the relaunch of Fieldfisher Italy, Fieldfisher’s network now comprises 27 offices in 14 countries.
Structural changes to the firm’s Verein network, following its exit from the Verein firm in Italy, have had an impact on the annual results this year. However, the success of the European strategy has been demonstrated by the continued growth of existing offices and the double-digit growth in the newly-opened offices.
Fieldfisher Italy, which launched as an integrated office last year, has been a standout performer. The office exceeded its target by 84%, showcasing significant potential for growth, lessening the short-term impact of Fieldfisher’s exit from its Verein firm last year.
The overall performance of the firm’s existing Verein firms in China, Spain and the Netherland, has also been outstanding. Comparing their performance on an annualised basis between the last two years, they have collectively achieved 20% revenue growth.
Underpinning the growth strategy is an ongoing investment in bringing new talent to the firm. In the last 12 months, the firm has invested heavily in key locations in Europe, attracting 20 leading specialists to the firm across its Berlin, Birmingham, Brussels, Dublin, London, Paris, Manchester and Munich offices. New arrivals include Financial Markets and Products Partners Emma Dwyer, Laetitia Costa and Shanthi Vignasen in London and Aurelien Jugand in Paris. France Englebert joined the Real Estate practice in Brussels, while Technology & Data partners Martin Diesbach, Gerd Hansen, and Elisabeth Noltenius started in the firm’s Munich and Berlin offices.
Phase two of the strategy, 2025–2030, focuses on the One Europe programme of integration of Fieldfisher’s international network, based on team collaboration, consolidation of the firm’s European practices and consistency of brand across the European market.
Practice area and industry sector highlights
Solid results have been delivered by the firm’s key practices and its industry sector programme in the last financial year, with double-digit increases in the Regulatory, IP, Tax, Real Estate and Personal Injury and Medical Negligence practices.
The sector programme, comprising four core sectors including energy and natural resources, financial services, life sciences and technology is going from strength to strength, achieving a combined growth of 31% in the last financial year. The sector teams have been advising clients on a range of topical sectoral issues including energy resilience and energy transition strategies, AI and tech regulations, digital health, medical devices and crypto assets.
Continuing to represent a stellar portfolio of international clients, the Fieldfisher teams have delivered excellent results on a number of high-profile matters. Highlights include:
- Advising Getty Images v Stability AI on the first significant AI litigation in the world.
- Representing Google in its successful defence of trademark infringement and passing off claims related to “YouTube Shorts”.
- Defending Mikhail Rabinovich in a US$14 billion case, the largest-value fraud trial ever brought in the Commercial Court.
- Advising Canary Wharf Group on the development of Europe’s largest life sciences building.
- Advising Yodel on its investment and legal strategy during its takeover by InPost.
- Advising Royal Mail on the development of its ESG strategy and installation of electric charging infrastructure through permitted development rights.
- Advising Quantum Base, a pioneering quantum science company specialising in anti-counterfeiting technology, on its IPO.
- Advising Space Norway on the Arctic Broadband Satellite Mission (ASBM), which will deliver the world’s first dedicated broadband services to the Arctic region.
- Representing US company Lyten Inc. on the acquisition of Northvolt Dwa ESS, Europe’s largest energy storage systems manufacturing operation, located in Gdansk, Poland.
- Advising Adtec Healthcare Limited, a pioneering company in Cold Plasma medical technology, on its successful funding round.
- Advising Winch Energy on an off-grid renewable energy project in Sierra Leone. The project has enabled 12 villages and towns to receive low-carbon energy 24 hours a day and will ultimately connect more than 4,000 homes and businesses to a reliable electricity source, stimulating enterprise and sustainable agricultural activity.
- Advising Vestas Developments on real estate and planning aspects of projects in Ireland
- Advising investment and asset management firm W.RE on securing £41m refinancing of its Mayfair office.
Sustainability and ESG in action
Fieldfisher remains focused on putting its sustainability priorities into action across People, Planet, Purpose & Prosperity and Governance. The firm remains committed to striving towards achieving Net Zero by 2045, with a clear focus on business travel and supply chain-related emissions and building data insights and business systems, together with supplier engagement, to drive our approach forward.
Being an inclusive firm and supporting well-being remains central to living the firm’s value of ‘People First’. As part of this commitment, Fieldfisher was delighted to support a milestone year-long global initiative, Wellbeing Together, which was designed to promote mental health, encourage movement and build stronger connections between colleagues across the firm. This hugely successful campaign saw Fieldfisher employees walk 112 million steps, run multiple marathons and adopt new wellbeing tools, including the Maven and Changers apps.
The firm expanded its pioneering Diversity Access Scheme (DAS) that supports students from under-represented backgrounds in pursuing legal careers. This initiative aligns with the firm’s refreshed inclusion strategy to support a fairer, more equitable workplace and legal sector. This year, Fieldfisher welcomed Canva as a new partner alongside its longstanding partner, global fitness company, Peloton, reinforcing a shared commitment to equity, inclusion and opportunity.
For the financial year ahead, the entire firm has come together again to launch its One Firm Action campaign, designed to raise funds and contribute value to philanthropic causes across the globe. The first campaign over 2022/2023, far exceeded its initial fundraising target. The firm raised over £526,000 (including the partnership contributing £250,000) to support 15 charities across the international network. In 2025, with a focus on embedding sustainability across the campaign, the firm has set a holistic value contribution goal of £250,000 (with the Fieldfisher partnership continuing its charitable investment of £250,000) across skilled volunteering and pro bono, in addition to charity fundraising.
Management changes
Robert Shooter was re-elected as the Fieldfisher Global Managing Partner for a further three years, starting on 1 April 2025.
Also effective from 1 April, litigation partner and sanctions expert Vivien Davies was elected as the firm’s new Senior Partner. She succeeds David Wilkinson, who held this post since 2019.
