Exchange weathers tough year with 15 per cent turnover hike

Manchester set Exchange Chambers has reported a 15.4 per cent rise in turnover for the 2009-10 financial year, with the figure rising to £21.7m from £18.8m last year.

Exchange is the first set to reveal this year’s figures, with chambers director Tom Handley hailing a strong year.

“In such a challenging financial climate – particularly for publicly funded work - our criminal, civil and commercial departments all exceeded budget, with income from criminal work up by 27 per cent on the year before,” he said.

Personal injury and commercial work have both also grown by 10 per cent in the past 12 months, Handley added.

“We’re getting some big-ticket personal injury cases and some big judgments being handed down,” he said.

Bill Braithwaite QC, joint head of chambers with David Turner QC, added: “It really has been a great year and, despite various pressures on the bar, our turnover has increased.”

Handley said the set anticipated further growth in the next year and was “cautiously optimistic” that it would achieve a £22m turnover figure at the 2010-11 year-end.