ONE of Northern Ireland’s largest law firms has been named Law Firm of the Year 2018 at the prestigious awards ceremony hosted by The Lawyer magazine.
Servicing major Northern Irish institutions such as Queen’s University, Allstate, and Belfast Harbour Commissioners, Pinsent Masons employs more than 85 people in Belfast, with that number rising to around 110 when combined with their rapidly expanding new office in Dublin.
This year’s judges – a panel of in-house general counsel, The Lawyer Hot 100 alumni and managing partners of major international firms – recognised the firm’s achievements over the past year, from continuing to be a market leader across its five key sectors, to expanding its revenue streams outside of traditional legal services through a range of innovative ‘New Law’ products.
The judges also commended the firm’s desire to lead on gender diversity, with the firm one of the first in the sector to publish its gender pay gap data.
Pinsent Masons has also succeeded in raising the percentage of women in its partnership from 17 per cent to 25 per cent in five years, and four of its nine board members are female.
Head of Pinsent Masons Belfast office and real estate partner Andrea McIlroy-Rose said: “In Northern Ireland we have enjoyed working on high profile local projects including the purchase of Belfast International Airport, the £200m Gas to the West expansion, and major new Grade A office facilities for inward investors such as Allstate and Concentrix.
“The strength of our firm offering, and investment in technology, means we can provide our clients with outstanding service and efficiencies that are unparalleled in a regional market such as Northern Ireland.”
On a global level the firm has acted on several significant deals globally in the past year, including advising Shell UK on its $3.8bn sale of North Sea assets to Chrysaor; Laing O’Rourke on AU$955m Sydney Metro Central Station; ING and Commonwealth Bank of Australia on a pilot AI program for MiFID II; and advising Redefine International on the disposal of its German retail portfolio of 66 properties for €205m.
Pinsent Masons recently reported its 2017/18 financial results, achieving a 10 per cent increase in fees billed. The firm’s total global turnover for the year stood at £449.8 million, representing turnover growth of more than 40 per cent and profit growth of 60 per cent over the past five years.