Salans announces an increase in global revenues for the 2007 financial year to USD $282 million. This represents a stunning 37% increase on the 2006 figure of USD $206 million. 

All Salans offices all contributed to the revenue improvement, with the CIS and CEE regions continuing to grow particularly strongly, highlighting the resilience of the emerging markets last year during the onset of credit market instability.

Key markets of London, Paris and Berlin showed impressive growth, as clients continued to seek out the firm’s expertise in domestic matters alongside its cross-border expertise. Indeed, 84% of the firm’s top 250 client revenue is generated from work spread across more than one office, highlighting the firm’s truly international offering.

Salans’ Chairman Stephen Finch commented, “Our strategy has proven its worth this past year. Over the past 30 years, Salans’ strategy has been to pursue new opportunities, with a recent focus on key jurisdictions including China, Hungary, Spain, Turkey and Ukraine. The firm has also invested in growing its presence in key centres such as Berlin, London, Paris and the economic powerhouses of Moscow and Warsaw.  Five years ago we were half the size we are today – measured by number of offices, revenues and profit per partner – and that’s an impressive track record of marrying prudent judgment with an entrepreneurial spirit.”
 
The firm has grown across all its practice areas, with its Corporate/M&A, Banking and Real Estate groups showing the strongest gains. Profit per partner grew by over 30% in 2007 reflecting both the revenue improvements and control over costs with Salans’ Chief Operating Officer, Neil Woodcock, noting the importance of maximising profitability to support continued investment in lawyers and new offices. 

Salans has over 750 lawyers globally, of whom 176 are partners, operating from 18 offices across 17 jurisdictions.

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Salans is an international commercial law firm with over 750 lawyers globally operating from 18 offices in ALMATY, BAKU, BARCELONA, BERLIN1, BRATISLAVA, BUCHAREST, BUDAPEST, ISTANBUL, KYIV, LONDON1, MADRID, MOSCOW, NEW YORK, PARIS, PRAGUE, SHANGHAI, ST. PETERSBURG and WARSAW. We have operations in the Gulf, with cooperative associations in place as well as Salans personnel based in Doha, Qatar. Our global reach extends to Atyrau in Kazakhstan and Katowice in Poland.  Our combination of international capability and domestic expertise enables us to provide comprehensive services matching the needs of global and local clients alike.  More information about Salans can be found at www.salans.com.

1 Salans LLP is a Limited Liability Partnership registered in London with Registration Number OC 316822. Registered Office Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Regulated by the Solicitors’ Regulation Authority. A list of members of SALANS is available at the above Registered Office.