UK top 200 ranking: 85
Hugh James, Wales’s largest law firm, prefers not to disclose its financial information. Indeed, even its LLP documents since its October 2010 conversion reveal relatively little about the firm’s finances.
Consequently The Lawyer has estimated the firm’s financials for 2011–12, giving Hugh James a flat turnover of £28.5m as it continues to implement a reorganisation strategy with the Legal Services Act in mind.
Also estimated were a flat average profit per equity partner of £190,000, a 20 per cent profit margin and a revenue per lawyer figure of £238,000.
The Cardiff-headquartered firm is organised into three divisions: corporate and banking; claimant litigation; and property and construction.
Led by managing partner Alun Jones, the firm has a handful of businesses under its umbrella, such as Hugh James Financial Services and the specialist legal process operation Hugh James Involegal, which is headed by former managing partner Matthew Tossell.
Involegal plans to offer its volume service directly to the customer by launching a no win, no fee solution for personal injury claims. Blue-chip clients include Santander, Aviva and Peacocks. The branded claims management product, Keylaw, will be delivered through an online platform.
Hugh James was reappointed to the Welsh government’s new, slimmed-down legal panel in February 2012 for a further four-year term.
114–116 St. Mary Street
Turnover (£m): 28.5
Total lawyers: 120