Clarke Willmott has reorganised its management structure in response to the prediction that profit will break through the £250,000 barrier.
The new format was introduced in December to help manage the Bristol firm’s expansion, which has seen turnover grow by 115 per cent in the past four years.
Managing partner David Sedgwick is predicting profit per equity partner to rocket 18 per cent to £254,000 and turnover to rise by 17 per cent to £39m by the end of the 2005-06 financial year.
Sedgwick told The Lawyer: “I started to look at the management structure this time last year. I wanted to put in new layers of management that would complement our sector focus.”
Sedgwick introduced a new core executive to work alongside the management board, which is responsible for short-term financial performance and the setting of budgets.