Pinsent Masons unveils FY21 year end results

05 Jul 2021 | 10:30 am | 2 min. read

Multinational law firm Pinsent Masons has announced its FY21 year end results, reporting against last year’s metrics as the firm advances its strategy to become a purpose-led, professional services business with law at the core.

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Following the launch of a refreshed reporting regime in 2020, the firm uses four key metrics to assess its performance for clients, colleagues, and the community, and measure its impact as a purpose-led organisation.

Richard Foley, Senior Partner at Pinsent Masons, said:

“For us, success is to fulfil a purpose, and our purpose is to make business work better for people. If we get that right then financial success will follow, as we saw when we broke through the five hundred million pound revenue mark this year. But financial improvements are a product of a successful business, not the measure of it.

“We assess ourselves against metrics that represent what is truly meaningful to our stakeholders and that help us to focus on bettering ourselves as a purpose-led organisation. During a particularly challenging year we’ve continued to focus on and measure ourselves against these metrics and we will continue to do so as we strive to improve against them going forward.”

Managing Partner at Pinsent Masons, John Cleland, added:

“We have supported our clients on some standout matters this year. By way of example, these include advising Tesla on Australia’s first virtual power plant to provide cheaper, cleaner power to South Australia; advising Resonance on the launch of a series of impact investment funds including the Women in Safe Homes fund; GNA Biosolutions on the development of a rapid Covid-19 test in Germany and the UK Government on its purchase of an additional 60 million doses of the Pfizer BioNTech Covid-19 vaccine.”

Pinsent Masons FY20/21 year end results are as follows:

Strategic metric
Progress and key stats
Our colleagues trust us and advocate for us
  • A firmwide employee engagement survey revealed that the firm has an employee net promoter score of +30.
  • Ranked as a Top 50 Employer for Women by The Times
  • Named a top ten family friendly employer for 4th year in a row
Our clients trust us and advocate for us
  • Interviews of 294 clients during 2020 carried out by independent research company Acuigen found that:
    - 94% of clients would recommend the firm
    - 90% of clients 'extremely' or 'very satisfied' with the standards of service
    - 93% of clients 'extremely' or 'very satisfied' with the quality of advice
    - 95% of clients found us easy to work with
  • Ranked Top of TR Law Firm Brand Index
Our business works better for the communities within which we operate
  • We committed early on to maintain full support for our established charitable partners and despite the impact lockdown has had on some of them and our volunteering programmes, we have still managed to reach over 13,000 young people globally in 20/21.
  • We have set Science Based Targets that commit us to:
    - cutting our absolute carbon emissions by a minimum of 50% by 2030
    - sourcing 100% renewable electricity across our global estate by 2030
  • We have become members of the Carbon Disclosure Project (CDP) to help us to monitor and manage supply chain emissions.
Purpose-led business growth
  • Launched in the Netherlands; the firm’s multinational presence now stands at 26 offices over 4 continents
  • Realigned our professional services offering, incorporating Vario as a fifth practice group
  • Launched an Equality Law offering to support clients in their belonging and inclusion journey.
  • Turnover: £503.3m, breaking through the half a billion barrier for the first time following 9 consecutive years of growth, and 19% growth over a five year period.
  • Profit per equity partner: £636k (up 16% against prior year)

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