We are pleased to report record turnover of £218m for the financial year 2018/19. This represents an 11% increase on the previous financial year and is the first time our revenue has topped £200m.
This growth has been supported by a 7% increase in the number of fee-earners worldwide, with total headcount exceeding 2,000 for the first time in our history.
Between 1 May 2018 and 30 April 2019 we made a number of lateral hires, boosting our global insurance practice with the appointments of Mark Dessi to our New York office, Nick Bond, Robert Steele and team to our office in Manchester and Akramjeet Khaira to our Singapore office. We have also strengthened our international arbitration capabilities with the arrival of Celine Abi Habib Kanakri to our Dubai office.
This investment in the business was further reinforced when we enhanced our innovation capabilities with the opening of a new business, Kennedys Kognitive Computing, and the appointment of a nine-strong development team in India. This was followed with the announcement that our ground-breaking virtual defence lawyer, KLAiM, that empowers clients to have more control over the litigation process, was being rolled out internationally.