Listed firm Knights has acquired the West Midlands firm Thursfields in a deal worth £12.5m as it aims to enter another period of rapid growth. Knights has been a prolific acquirer of mid-market law firms over the past decade, with Langleys (£17.7m), Shulmans (£17.6m), Keebles (£12.6m), ASB (£12.5m) and Coffin Mew (£11.3m) among its most […]
South West: Growth at Exeter-headquartered firm Michelmores has hit a 10-year high following a period of inward investment. Revenue at the firm climbed 14 per cent from £42.8m to £48.8m, just shy of the psychologically important £50m revenue barrier, which the firm is likely to hit next year. Managing partner Tim Richards said turnover was […]
Few UK start-up firms have experienced the same meteoric rise as Knights. Its position as a mid-tier disruptor and consolidator has been largely unchallenged, helping it to lift revenue by a market-topping 185 per cent over the last five years. With so many sub £50m firms contending with the twin issues of a cashflow crunch […]
BDB Pitmans partners have voted through proposals that will see the firm transition to a CMS-style network model, having called off merger talks with Womble Bond Dickinson in 2023. The firm has signed a letter of intent with Alvarez & Marsal Legal Services (AMLS) to help internationalise the business. Both BDB Pitmans and AMLS issued […]
Kingsley Napley will give bonuses to staff three months early after a highly profitable year, which saw the firm’s net profit increase by 120 per cent. Managing partner Linda Woolley told The Lawyer that the results were a sign that the firm’s investments in the prior years had come through, following the firm’s challenging year […]
Morton Fraser MacRoberts has posted a 2 per cent rise in revenue in its first set of financial results since the 1 November merger of legacy firms Morton Fraser and MacRoberts. The increase takes the total revenue at the recently-merged Scottish firm to £47.5m, which should be enough to propel Morton Fraser MacRoberts into the […]
Leeds: Mills & Reeve is soon to double its footprint in Leeds with the relocation of its office. Beyond the Bubble, in association with LexisNexis: While the firm is staying put at 1 City Square, it is vacating its current premises on the fourth floor and has agreed to take a 10,200 sq ft office […]
Revenue at Brabners reached £55.6m in the 2023/24 financial year, subject to audit, after the firm increased its top-line by 18 per cent from the previous year’s £47.1m. The firm’s newly re-elected managing partner Nik White told The Lawyer that it was a “standout year”, with just one department out of 13 across the firm’s […]
Taylor Rose MW has refreshed its leadership team with eight senior-level appointments including the firm’s first chief operating officer and first director of professional standards. The news follows what was a rocky 2023 for the firm after it launched a redundancy round last September to “carefully manage costs” in a difficult economic climate. According to […]
London: Lincoln’s Inn firm Hunters Law has rebounded in the 2023/24 financial year, posting a 10.2 per cent revenue rise, from £12.7m to £14m. Beyond the Bubble, in association with LexisNexis: The firm had flatlined for several years, dancing between £12.1m at the lower end to £12.7m at the higher end for the previous five financial years. […]
Harbottle & Lewis has announced its firmwide revenue after switching its financial year-end due to new HMRC tax rules. The firm managed to surpass £50m for the first time over a 12-month period. HMRC’s rules, which took effect from the 2023/24 financial year starting 6 April, seek to simplify tax payments by taxing a business’ […]
National firm Browne Jacobson saw turnover grow by 12 per cent in 2023/24, passing £118m. The Midlands-heritage firm has made a number of strategic moves in the last financial year, opening in Cardiff in the second half of 2023 and bagging a commercial and technology team from EY as it attempts to scale up in London. […]