Guildford: Stevens & Bolton sees revenue up as all areas of firm record growth
Guildford-based Stevens & Bolton’s revenue rose by 10.1% from £18 million to £19.9m in the 2013/14 financial year, according to The Lawyer. The firm also reported a 11.1% rise in net profit from £5.4m to £6m.
It is the fourth consecutive year of top-line growth for Stevens & Bolton, which also saw its average profit per equity partner rise by 17.5%, from £319,000 to £375,000, last year.
The corporate team generated a quarter of the firm’s 2013/14 income, while 22% came from dispute resolution, 20% from property, 8% from finance and the remaining 25% from other practice areas.
Stevens & Bolton managing partner Ken Woffenden said: “Importantly, we have achieved growth across every area of the firm, while continuing to invest in our business, infrastructure and our people.”
Recently, the firm advised Monitise plc, the global mobile money technology provider, on two key acquisitions which will enhance Monitise’s international mobile commerce network.
The first transaction saw the acquisition of Markco Media for up to £55m. As part of this transaction Monitise also acquired the MyVoucherCodes.co.uk and Last Second Tickets brands.
In the second transaction Monitise acquired full ownership of PR AGIT Monitise Indonesia, its joint venture with PT Astra Graphia Information Technology. This partnership was entered into in July 2011 to develop new mobile services for financial institutions and mobile network operators, targeted at both banked and unbanked consumers in Indonesia. The acquisition of PR AGIT Monitise Indonesia follows Monitise taking full ownership of its Asia Pacific joint venture in October 2013 (on which Stevens & Bolton also acted).
