Key Points
Ashurst revenue increased 11% to £1.152 billion in FY26
Profit per equity partner (PEP) rose 15% to £1.592 million
The firm achieved its tenth consecutive year of revenue growth
Revenue grew across all regions, led by the Middle East (+33%) and US (+18%)
UK growth was supported by a 21% increase in the Disputes, Investigations & Advisory practice
Usage of Ashurst's AI and technology-enabled services increased by more than 50%
FY26 was Ashurst's final full financial year before its merger with Perkins Coie
Record Financial Results Before Major Merger
Ashurst has reported record financial results ahead of its planned merger with Perkins Coie, with revenue rising 11% to £1.152 billion and profit per equity partner (PEP) increasing 15% to £1.592 million in the year ended 30 April 2026.
The results mark Ashurst's tenth consecutive year of revenue growth and represent the firm's final full financial year before combining with US law firm Perkins Coie to form Ashurst Perkins Coie.
While the firm did not disclose a pre-tax profit figure, it highlighted sustained growth across its global platform.
Revenue Growth Across Global Markets
Revenue increased across every region, led by the Middle East (33%), followed by the United States (18%), Continental Europe (17%), Asia (14%) and the United Kingdom (12%).
The UK business delivered particularly strong results, supported by a 21% increase in revenue within the firm's Disputes, Investigations & Advisory practice.
The latest figures continue a decade-long growth trajectory for the firm, which reported average annual revenue growth of 9% over the past ten years.
Continued Investment in AI and Innovation
Ashurst also reported continued growth in its technology-enabled legal services, with usage of its AI and legal technology solutions increasing by more than 50% over the past year.
During the financial year, the firm expanded its international footprint with the opening of its first African office in Casablanca.
Commenting on the results, Global Chief Executive Paul Jenkins said:
"Closing out our last financial year as Ashurst with a decade of consecutive revenue growth, averaging 9% annually, is a significant achievement and a testament to both the trust our clients place in us and the quality of our people."
Ashurst Perkins Coie Set to Launch
The Ashurst-Perkins Coie merger is expected to complete later this year, creating a combined law firm with approximately 3,000 lawyers across more than 50 offices worldwide.
The first full financial reporting period for the merged firm, Ashurst Perkins Coie, will take place in 2028.
With Ashurst closing out its final standalone financial year on a high, attention will now turn to the launch of Ashurst Perkins Coie and how the combined firm performs as a global transatlantic platform.