Nottingham-based Browne Jacobson has traditionally played its cards close to its chest, particularly when it comes to profitability, but it happily trumpeted a record turnover of £35.2m last year, up by 6.3 per cent on 2009-10’s £33.1m.
It has also made the rare step of releasing its net profit figure this time around, which stands at £4.5m, representing a margin of 13 per cent.
The Midlands-based firm, which has offices in Birmingham and London, has recruited steadily over the past year and activity levels have risen by 9 per cent, with strong growth in health and procurement and the retail sector. Browne Jacobson is also one of only a handful of firms tapping into the recent boom of academy conversion work, along with Foot Anstey.
The firm’s management board introduced a new 2.5 per cent performance award as part of a firmwide initiative last year to enable all lawyers to share in a successful year.
Managing partner Iain Blatherwick is an understated figurehead for the firm, following in the footsteps of predecessor Brian Smith by building up consensus among partners with quiet conversations rather than taking a more dogmatic approach to leadership.