Haseltine Lake announces record financial results

25 October 2016

Haseltine Lake, announces a record year with its latest financial results.

Haseltine Lake’s strong European identity and international focus has contributed to the success, with the firm reporting a turnover of £27million – 7% up from last year. Overall Haseltine Lake’s profit has risen by 12% to £5.9million for the 2015-2016 financial year.

Haseltine Lake’s growth was driven by robust intellectual property (IP) activity among key clients around the world, particularly in the consumer electronics and automotive industries. The firm’s growing range of IP services and solutions has led to an increase in new clients, particularly from the bio-tech sector.

Chief Executive, Lesley Evans, comments, “I am very proud of Haseltine Lake’s success this year – it is testament to the boundless commitment, creativity and enthusiasm of our team, which has been strengthened with a number of key appointments. Particular focus has been given to the firm’s operations in Munich – which saw professional fees increase by 20% in the past year – and a move to larger premises to accommodate for the expansion. China also continues to be a priority for our business, and with the support of our new lead partner for China, we are driving growth and developing even stronger relationships in that region.

“We are highly optimistic for the 2016-2017 financial year despite the UK vote to leave the European Union. We are not anticipating Brexit to have an adverse effect upon the business and it may even present some new opportunities. Through our network of European offices and our high headcount of European-qualified attorneys in Germany, France, the Netherlands and the UK, we are well-positioned for business-as-usual and we are confident of our ability to provide enhanced IP services to clients across all of our key global markets.”

To download the full press release, click here.


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