The monthly distribution of members’ revenue varied considerably over 2014 with Q1 accounting on average for only 21% of annual revenue while Q3 accounted for 28%.
Overall July, September and October were the highest grossing months in 2014; albeit the top revenue months in 2014 for members did exhibit variation by both region and size of branch.
Total member revenue in January 2015 showed a 12% increase year on year (versus January 2014). This year on year rise is apparent across each of the key member groups (region and size of branch) with the increase in relative monthly revenue peaking among larger member branches and those in Munster.
Total member revenue in January 2015 also rose 13.5% from that in December 2014 with the increase being most prominent among member firms in Dublin and Munster.
The indications for member revenue from the Benchmark Survey are consistently positive. After an apparently challenging Q1 in 2014, monthly revenue began to stabilise and grow; and a year on year improvement is clearly evident in the revenue comparisons between January 2014 and January 2015. The rise in monthly member revenue since December 2014 further confirms a sense of positive momentum.