Brabners Chaffe Street has broken through two significant financial barriers as North West firms continue to post strong end-of-year results.
The firm’s turnover rose by 20 per cent to £21m, with average profit per equity partner (PEP) soaring by 30 per cent to a predicted £340,000, up from £260,000 last year.
The announcement comes just weeks after Brabners announced it was taking on James Chapman & Co’s commercial team, including Manchester United director Maurice Watkins.
Managing partner Michael Brabner said the addition of the James Chapman team, plus continued growth, should push next year’s revenue to the £25m mark.
“We’ve got a lot to do, and it’s going to be busy,” Brabner said.
Meanwhile larger North West rival DWF has posted a seven per cent income rise to £33.8m, with PEP of £321,000 easily beating 2005’s £296,000.
Both DWF and Brabners said that property had been particularly buoyant during the course of the year, and that Manchester had shown especially strong growth.
DWF managing partner Andrew Leaitherland, who took up the reins in January, said the firm was doing a lot of work outside the North West.
“We’re continuing to work on being a leading regional player,” he said.