IBB

Turnover (£m): 12.6
RPL (£k): 185

Turnover slipped again slightly for IBB, from £12.9m in 2009-10 to £12.6m last year. Net profit followed suit, decreasing fractionally from £2.5m to £2.3m.
It was a frustrating year, according to ­managing partner Steven Booth. The firm had difficulty chasing up a number of debtors, with approximately £150,000 escaping last year’s turnover figure.

Despite this, IBB saw the revenue of its ­commercial services group grow by 11.4 per cent. This group includes dispute resolution and employment. The firm’s private client practice revenue increased by 2 per cent.

Equity partners currently contribute between £80,000 and £130,000 in capital. Booth said he is looking to increase this range from £100,000 to £150,000 in a bid to reduce ­reliance on external funding.

Significant hires over the past year included Jo Coleman, who joined from Farrer & Co as a partner in the charities team. Richard Phillips joined from Irwin Mitchell as head
of family law.