Growth accelerates at Brabners
5th February 2019, 10:42 am
- North West based law firm records 13 per cent rise in fee income to £33.1million
- Rate of growth increases six-fold compared to the previous year
- Profit increases by 11 per cent as new leadership team sets out plans for future growth
Leading independent legal practice Brabners recorded double-digit revenue growth in the year to April 2018, with the firm generating fee income of £33.1million.
The results announcement follows a successful year in which the firm began implementing its new three-year strategy leading up to the appointment of new chief executive, Robert White, and new managing partner, Nik White.
The firm, which has offices in Liverpool, Manchester and Preston, recorded growth in all areas of its practice, Corporate and Commercial; Real Estate; Litigation; Employment; and those areas focused on providing services to private individuals.
Since then, the firm has continued to build on its success in 2018 with the appointment of a further twelve partners across its specialist sector teams and departments. Recent appointments have included Paul Firth as head of real estate and commercial litigation partner Phil Sheard and his team, who joined from Hill Dickinson.
Alongside the 13 per cent growth in fee income (from £29.2million in the year to April 2017), overall profit* grew by 11 per cent, to £10.6million (from £9.6million in the year to April 2017). Profit per equity partner also grew to £172,000 – an increase of 13 per cent on the previous year.
Robert White, chief executive of Brabners, said: “2018 was a really important and successful year for the firm where we embarked on the implementation of our new three-year strategy. That strategy is based on unlocking the true potential of the firm, from a position of real strength, and then investing in our client relationships, our people and our technology and systems to deliver long term sustainable growth, in the broadest sense. We made a great start in 2018 and have continued in that vein since then, thanks in no small part to a renewed sector-led approach and a raft of strategic additions that are helping to shape our business and our culture.”
Managing partner Nik White added: “The year ahead is arguably the most important in a generation for both our clients and those seeking to drive prosperity. We are looking forward to helping businesses meet the challenges and grasp the opportunities ahead as we move to further establish our reputation for exceptional service and expertise across all our sectors and departments.”
Brabners has been continuously practising law since 1815. The firm has more than 375 staff including 67 partners.