Wragge & Co turnover hits record high

Birmingham firm Wragge & Co is poised to make its biggest ever leap in turnover this financial year, with fees set to rise to £70m from £54m.

Managing partner Quentin Poole says that that Wragges set an aggressive budget this year. "We projected budget growth of 35 per cent, and we're on target," he says.

Much of the increase has come from IT and from work for large corporations. This year, the firm acted on the outsourcing of British Airways' IT system, understood to have brought in fees of more than £1m. Its drive for plc work has also contributed to the firm's growth – it now acts for 34 FTSE 100 companies. Client wins have included Marconi, 3i, RHM and TRW.

Poole says: "When you start winning slices of work from FTSE 100 companies, the growth is [built in]. If you get 1 per cent of the [corporation's] work, you can get 10 per cent after one year and 20 per cent after two. It means you can business plan quite easily."