Napthens operates out of offices in Blackburn, Blackpool, Chorley and Preston. It closed bases in Bamber Bridge and Longridge two years ago to focus on those locations best placed for serving clients and attracting recruits.
Turnover rose by just under 9 per cent last year, increasing from £9.5m to £10.4m, thanks in particular to upturns in the firm’s corporate and litigation practices. The firm’s biggest sector by revenue is litigation, which includes commercial and personal injury, accounting for 44 per cent of overall turnover.
Napthens is moving towards a more performance-based partner remuneration system, with around 15 per cent of profit now going into a bonus pool complementing the lockstep.
An executive board, consisting of three partners and former RBS corporate banker-turned-CEO Ian Leigh, makes most of the firm’s decisions, although the partnership as a whole must vote on new equity partners, changes to the remuneration system or office openings and closures.