PwC Legal saw turnover grow by 24 per cent last year, from £48.5m to £59.9m.
The recent financial results follow a slower year previously when the accountancy giant’s legal arm saw revenue grow 15 per cent from £41m.
It was granted an ABS licence in January 2014, when turnover totalled £35.6m.
“We have seen fantastic growth this year and every single practice group grew,” PwC Legal senior partner Shirley Brookes told The Lawyer.
“We’ve been padding out our practice areas by hiring below partner and director level, particularly bulking up areas such as IT, public sector and banking and finance.”
PwC Legal hired Milbank Tweed Hadley & McCloy London partner Laetitia Costa in June as its banking and finance head.
It also hired CMS Cameron McKenna partner Juan Crosby to head up its technology and sourcing legal practice last October.
PwC Legal’s revenue exceeds KPMG’s UK figures reported last September. KPMG’s legal business was the second of the Big Four accountants awarded an ABS and said its turnover was set to exceed its £10m target.
Meanwhile Deloitte Legal and EY Legal have also been in growth mode, with Deloitte reporting global revenue of around $250m and EY aiming to double the number of lawyers in the UK by the end of 2016.
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