A total of six law firms have been named in a report listing ‘1000 companies to inspire Britain’ by the London Stock Exchange.
UK 200 firms Bates Wells & Braithwaite, Berrymans Lace Mawer, Matthew Arnold & Baldwin and Stewarts Law are joined by US firm Edwards Wildman Palmer and Preston firm Fletchers Solicitors on the list of fastest-growing small and medium enterprises (SMEs) in the UK.
The report is the first of its kind and lists the fastest growing SMEs in the UK. Criteria included having positive growth over the last four years and turnover in the region of £6m to £250m in the 12 months up to October 2013.
Edwards Wildman, the only law firm on the list to be headquartered outside the UK, entered London in 2008 when legacy Edwards Angell Palmer & Dodge merged with Kendall Freeman (7 January 2008). It continues to have a strong UK practice, turning over £27.8m in 2012 according to Companies House filings.
The UK firms on the list are also growing strongly. Stewarts Law produced average profit per equity partner of more than £1m for the first time last year (3 July 2013) with turnover of £45.2m. MAB also had a strong year with PEP rising by 57 per cent (14 August 2013) while Bates Wells and BLM both saw turnover rise.
Fletchers CEO Ed Fletcher said the firm was “immensely proud” to appear on the list.