Eversheds Sutherland announces latest financial results

 Sutherland (International) today announces its headline financial results for FY2024/25:

1. Revenue – increased by 3 per cent to £768.7m
2. Net profit – increased by 6 per cent to £185.7m
3. Profit per Equity Partner – increased by 8 per cent to £1.4m
4. Eversheds Sutherland global revenue for CY 2024 – USD1.63bn

Keith Froud, chief executive, Eversheds Sutherland (International) commented, “I am pleased to announce another year of robust financial performance, with growth across all our regions, practice groups and sectors.  This is a clear demonstration of the strength and success of our strategy and which positions the firm well for the future. These results build on our excellent track record, with year-on-year revenue and profit growth for the past 8 years. In addition, our cash reserves stand at over £125m, reflecting the firm’s ongoing focus on financial management and providing a strong platform for sustainable growth. We continue to prioritise investment in all aspects of our talent strategy, with 40 of our lawyers being promoted to partner and 18 lateral partner hires in the last 12 months. In addition, we have once again ramped up our investment in technology, including AI and GenAI solutions within the business, and of course for our clients. We also continue to see great interest in our Konexo technology consulting offering which helps in-house legal teams to define and implement their own technology strategies and where we have over 50 live projects at any one time. We have also invested in our property portfolio via a combination of office moves and upgrades to provide a great working environment for our people. Looking ahead, we remain confident in our strategy and our ability to build on this momentum.  Our focus will remain firmly on delivering exceptional results for our outstanding roster of clients, as well as investing in our talent, our market capabilities and our global platform. I see enormous opportunity for our firm and look forward to working with all our teams to drive our strategy forward.”

Highlights from Eversheds Sutherland (International) over the last 12 months include:

• Uncontested election of Keith Froud as chief executive and global co-CEO
• A new Executive team:
  • Keith Froud, chief executive
  • Keri Rees, managing partner – Practice Groups and Regions
  • Helen Thomas, managing partner – Clients and Business Delivery
  • Julian Lee, chief financial officer (existing role)
  • Lorraine Kilborn, chief people officer (existing role)

Representative deals and matters:

• Recognised in a London Stock Exchange Group report as one of the top global law firms for mergers and acquisitions in the first half of 2025. The firm ranked 9th globally for the number of announced and completed deals, reaffirming its position as a leading advisor in M&A
• Advised Edwards Lifesciences, a global leader in patient-focused medical innovations for structural heart disease, on the US$4.2bn sale of its Critical Care product group to Becton, Dickinson and Company
• Advised Saudi Power Procurement Company on a landmark SAR31 billion deal involving seven renewable energy projects in Saudi Arabia, five solar and two wind developments, with a combined capacity of 15,000 MW – the largest single-phase renewable energy portfolio globally
• Advised Azurity Pharmaceuticals on its strategic acquisition of Covis Pharma Group – Azurity specialises in providing innovative, high-quality medicines that serve overlooked patients
• Advised Annington Property Limited on the £6 billion sale of the Married Quarters Estate to the UK Ministry of Defence, one of the largest property transactions in UK history – the deal resolved all legal disputes between the parties
• Advised Morrisons on a £2.5 billion strategic partnership with Motor Fuel Group involving the sale of 337 petrol forecourts and over 400 sites for ultra-rapid EV charging development
• Advised the Department for Transport (DfT) and DfT Operator Limited on the successful appointment of its in-house operator to take over South Western rail services from First MTR South Western Trains Limited – a groundbreaking deal and the first private sector operator to be brought under public control as part of the UK Government’s ‘Public Ownership Transition Programme’
• Advised FirstRand Bank (trading as MotoNovo Finance) on a landmark Supreme Court ruling on motor finance commissions, acting in two of the three appeals before the Supreme Court
• Representing the Serious Fraud Office in its long running and ongoing Commercial Court litigation with Eurasian Natural Resources Corporation