Profits and revenues up at East Mids law firm

Law firm Howes Percival, which has offices in Leicester and Northampton, has reported a 14% increase in turnover, with profits up 37%, according to its latest financial results.

The results, for the firm’s full financial year ending May 2018, follow a year in which the firm has upgraded its office space in all its six locations, opened new offices in Milton Keynes and Cambridge, and increase partner numbers from 29 to 42.

Turnover at the firm has increased from £15m in 2014 to over £20m last year.

Geraint Davies, Howes Percival partner and Board member, said: “I’m absolutely delighted with these results. Just over three years ago the management team and the partners agreed a clear strategy for growth which involved investing in new offices, services and expertise. The whole team got behind that plan and we are now seeing the results of the investments we have made, and we expect that growth to continue.

“As we’ve been investing back into the firm for the last couple of years, we haven’t seen the profit come through in quite the same way until now, but we knew the strategy was working. Going forward, we will continue to invest in new services and expertise to ensure we can continue to give our clients the best possible service.”