A major Bullring contract has provided a vote of confidence for law firm Eversheds --paving the way for it to play a part in deals worth more than £1 billion, it was revealed today.
The company is celebrating its involvement in two further projects - one in the South West and another in the heart of Birmingham, a spokeswoman revealed.
The news comes as the firm unveiled average profits per equity partner of £350, 000 in 2004/2005 - an increase of six per cent on the previous year.
The profits ranged from £525,000 to £220,000.
The company has 63 partners across the midlands - 44 in Birmingham and the rest in Nottingham, although not all are equity, others are salaried.
Senior office partner in Birmingham Meg Heppel said the figures reflected the company's desire to ensure it attracted the best people to its team.
The company had already acted for the Birmingham Alliance on the prestigious £ 600 millon Bullring development.
And it was was now acting for the same alliance on a mixed use £550 million development of nearby Martineau Galleries as well as for the Bristol Alliance on a £ 600 million scheme to develop the city's Broadmead centre.
She said: "This really is tremendous news for both Eversheds and Birmingham. It really is a vote of confidence for the work we carried out on the Bullring."
The international law firm yesterday announced a firmwide 2004/05 income of £302.8 million, representing 2 per cent growth on the previous year and increased profits of £57.3 million.
Profits per equity partner also showed sustained growth, rising by six per cent to £350,000. The results build on the firm's strategy to achieve year on year sustained growth.
Strong increases were achieved in real estate (six per cent) and human resources (six per cent).
Mrs Heppel, said: "In an ever more competitive market, we are focused on consistent and sustained growth and are satisfied with what is a robust set of figures. "In the coming year, we will continue to invest the firm's profits in strengthening our position in the region through the Birmingham office, the UK and further international growth, reflecting our philosophy of balancing our short term profits against long-term investment."
In Birmingham, Eversheds has strengthened the team with several appointments at all levels during the past year.
Eversheds has worked with high profile clients such as Bakkavor, Centrica and Jessops and on major schemes in the region including the Masshouse development, Birmingham's Eastside and Fort Dunlop.
The company employs around 800 people across the region and had seen a small but growing trend for people to relocate from London in a bid to to benefit from the Midland location while maintaining a top quality workload.