2016 Record Year for Carson McDowell
18 January 2017
Northern Ireland’s largest independent law firm, Carson McDowell, today announced a 25 per cent increase in turnover to £13.5m in 2016, following a successful year across all business areas.
The firm’s pre-tax profits in the 12 months to April 30, 2016 increased by 14 per cent to £6.9m, driven by growing confidence in the Northern Ireland economy and an increase in both corporate transactions and dispute resolution business during the year.
The firm has seen demand for its services increase across all practice areas with particularly strong activity related to its expertise in corporate M&A, litigation, real estate, energy, banking and employment law.
The financial year marked a further expansion for Carson McDowell in terms of headcount, with staff numbers now standing at 150, including 87 lawyers. The firm expanded in each department, with highlights including the appointment of a new licensing partner and the addition of litigation work formerly carried out by McCloskeys Solicitors.
In 2016 the firm was named Northern Ireland Law Firm of the Year by the Legal 500, an independent series which is widely regarded as the world’s largest legal referral guide. It was ranked in the Top Tier in more categories than any other Northern Ireland based firm.
Carson McDowell also emerged as the leading Northern Irish firm in the 2017 edition of the respected Chambers and Partners UK Guide with more lawyers ranked at the top of their field than any other.
Commenting on the firm’s 2016 results, Michael Johnston, managing partner of Carson McDowell, said: “In the past five years we have seen a very pleasing increase in the firm’s turnover. It reflects Carson McDowell’s ongoing commitment to recruiting and growing top quality talent, an investment which we believe will stand our clients and the firm in good stead for the future.
“Our lawyers have been involved in several major transactions and legal cases in the past year, with regional, national and international clients relying on our expertise. The latest set of figures reflect the marked increase in M&A activity which took place in the first half of 2016 and the firm continues to be instructed to work on some of the largest deals taking place in Northern Ireland.
“While there may be some economic uncertainty on the horizon this year, both locally and globally, we are looking forward to 2017 with optimism.”