Pinsent Masons announces financial year 22/23 results

Multinational law firm Pinsent Masons has announced its 2022/23 financial year end results, unveiling a 14% revenue increase to €714.9M as it further advances its purpose-led professional services capabilities.

The firm measures its success against four key metrics: financial success, people, clients and communities.

Our financial success

Increased revenue by 14% to €714.9M and Profit per Equity Partner (PEP) by 7.8% to €940,460

Our people

  • Increased the total headcount of the Luxembourg office by 25 %, while keeping a perfect gender parity.
  • Expanded our Investment Funds practice in Luxembourg with the arrival of Dr. Jan Saalfrank (Partner / February 2023) and Lissie Goldbach (Senior Associate / May 2023). Soon to be joined by another Partner (August 2023). 
  • Recruited apprentices to the Paralegal Centre of Excellence and broadened access to law via our SQE career pathway collaboration with legal intelligence provider Lexis Nexis. Six paralegals have progressed to accepting training contracts with PM this year.

Our clients

Our communities

  • Supported 130 charity partners on social impact programmes and supported 30,000 young people worldwide (including 11 charities and more than 3000 youngsters in Luxembourg) in our commitment to inspire young lives.
  • Became a founding member of the Legal Taskforce of the Sustainable Markets Legal Task Force which aims to accelerate the delivery of sustainability programmes and projects globally. 
  • Became a partner of the Charter 1.5 initiative which seeks to progress legal sector initiatives which accelerate energy transition.
  • Established an ESG Board Committee to inform the firm on its ESG and sustainability targets and metrics and support for clients with each member leading specific firm wide ESG objectives.

Senior partner at Pinsent Masons, Andrew Masraf, said: “Our commitment to investing in our people, our clients and communities consistently produces results. We’ve had a record year of revenue growth during which we focused on harnessing those investments to provide creative and innovative legal services for clients who are grappling with complex issues in challenging economies.”

Managing partner at Pinsent Masons, Laura Cameron, said: “Over the last year we’ve made significant progress in building out our multinational, sector-led legal and professional services capabilities, promoting 25 to partner across our business and launching 25 new legal services products.  

“Our diverse international skillsets are enabling us to deepen our client relationships through the delivery of more sophisticated offerings, tailored to their needs. Despite challenging economic circumstances on a global scale, we have continued to advise on high profile mandates that reflect our clients’ strategic priorities, such as ADB on its energy transition mechanism and supporting NatWest on its first sustainability linked asset-based lending facility.”

In FY22/23 Pinsent Masons announced changes to its leadership team following Richard Foley and John Cleland reaching the end of their permitted two terms as Senior and Managing Partner. Andrew Masraf took up the role of Senior Partner in October 2022 and Laura Cameron became the Firm’s first female Managing Partner in May 2023.