A bumper January, with gross income for the month hitting a record £2.25m, has helped St Philips Chambers post total revenues of £18.3m for its last financial year.
The 142-tenant Birmingham set, which vies constantly with local rival No 5 Fountain Court for the title of the UK’s largest chambers, has seen turnover increase by 93 per cent since 2000. Net income for the year ending January 2004 is £15.6m.
“2003 has seen a very strong performance from our criminal and family teams, with our eight silks and 75 juniors continuing to see growth in volume and quality of work,” said St Philips chief executive Paul Wilson.
In late 2002, the set merged with another Birmingham set, criminal chambers No 1 Fountain Court, which added additional revenues of £2.3m and 40 barristers. Wilson also pointed to the improved performance of its commercial group, consisting of three silks and 27 juniors, which was partly driven by the improved flow of quality work coming into Birmingham’s courts.
“Our commercial team are quickly improving their profile, both regionally and nationally, handling a large range of cases that historically would have been litigated out of London,” Wilson said. The group has just been joined by Frances Pigott, formerly a construction associate at Wragge & Co.
In recent months three tenants have left for the circuit bench and a further three to rival sets, but besides Pigott the set has been joined by Craig Jeakings from the Serious Fraud Office and Emma-Jane Mahood from the Northern Ireland bar.