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Beachcroft has cracked the £100m turnover mark for the first time, the firm’s financial results reveal.
The 2006-07 year-end figures reveal turnover of £112m, up 14 per cent from the £98m figure this time last year.
Average profit per equity partner (PEP) hit £320,000, an increase of 18 per cent on 2005-06’s £270,000, and a significant surplus on the firm’s target PEP of £300,000.
Managing partner Paul Murray said: “We are on track with our business aims of becoming a more commercially-orientated firm, pursuing a sector-based strategy and offering clients a more integrated range of services.
“The 2006-07 results are important in terms of providing a strong platform from which the firm can grow, both in numbers of people and the scale and range of services that it provides.”
He added that the profit growth resulted from “prudent management of expenditure and concentration on improving revenues per lawyer.”