Herbert Smith Freehills saw its revenue rise by 5 percent in the first full fiscal year since its 2012 merger between British firm Herbert Smith and Australian firm Freehills.
The combined firm reported revenue of 800 million pounds ($1.37 billion) for the 12-month period ended April 30. Herbert Smith’s profits grew to 232 million pounds ($398 million), an increase of 11 percent from the previous fiscal year, which the firm calculated on a pro forma basis using financial data for the seven-month period between its Oct. 1, 2012, merger and the end of its previous fiscal year.
