Northern set Kings Chambers has reported a turnover increase of 20 per cent while slashing its chambers contributions by 3 per cent between 2003 and 2004.
Kings, which has a financial year-end of 31 December, saw its turnover go up from £11m in 2003 to £13.2m last year.
The figures equate to an increase of 18 per cent in average revenue per barrister, with a figure of £219,685.
Kings was able to cut its chambers contributions from 15.6 per cent in 2003 to 12.6 per cent last year. Contributions were high in 2003 due to the set’s relocation in Leeds, its refurbishment in Manchester and an IT upgrade. However, the 2004 rate is still substantially lower than the 14.5 per cent contribution made by each Kings tenant in 2002.
Last year the set, which specialises in civil, common and public law, saw the departure of Andrew Gilbart QC to the bench.
Senior clerk Colin Griffin said Kings was “delighted” with the results, adding: “We’ve put a lot of work into developing our Leeds chambers and it’s paying dividends. There’s been a good performance right across the board.”
|Kings Chambers perfromance 2002-04|
|Year||Turnover (£m)||Average revenue per barrister (£K)||Chambers contribution (%)||No of tenants (silks)|
|Source: The Lawyer UK 100/Kings Chambers|