Key facts
- Law firm Kennedys reported global revenue of £457m for the financial year ending March 2026.
- This marks the 12th consecutive year of growth for the firm.
- The Middle East conflict has been a contributing factor to revenue growth.
- North America and APAC regions saw significant revenue increases of 22.5% and 20.3% respectively.
- The UK remains the firm's largest market, contributing £215m in revenue.
Law firm Kennedys has announced a record global revenue of £457 million for the financial year ending March 31, 2026, marking its 12th consecutive year of growth. This figure represents a 6.8% increase from the previous year's £428 million.
The firm attributes a portion of this growth to increased activity stemming from the Middle East conflict, particularly in the marine, aviation, political violence, and trade credit sectors. John Bruce, Kennedys' senior partner in London, noted that the conflict presented both opportunities and challenges, highlighting the expertise of their Middle East partners in providing holistic advice to clients.
Meg Catalano, Kennedys' global managing partner, stated that crises inevitably become a focus for the insurance industry and, consequently, for the firm. She added that revenue growth, while sometimes arising from difficult circumstances, enables the firm to continue expanding and attract top talent.
Globally, North America saw a 22.5% revenue increase and the APAC region experienced a 20.3% rise, together accounting for 43.7% of the firm's total revenue. However, the UK remains the largest contributor, generating £215 million, or 47% of global revenue.
The report also touches upon the expansion of law firms in the UAE, with a significant number of British lawyers relocating to the region. While many firms advised staff in the Gulf to work from home at the start of the recent conflict, Kennedys has had established mechanisms for staff evacuation and remote work in place for several years in regions like Israel.