Law firm reports £25m turnover target is on course
Law firm Howes Percival has posted a rise in turnover and profits for its year ending May 2019.
The firm posted revenues of over £21m and increaed profit by 4% during 2018/19.
Howes Percival says it anticipates that by May 2020 it will have reached its target set in 2014 to increase turnover from £15m to £25m.
Geraint Davies, Howes Percival partner and board member, said: “This is another really good set of results for the firm and I’m delighted with the progress we are making.
“This last financial year has been a period of sustained recruitment for Howes Percival. We’ve welcomed a large number of new faces in the last 12 months, boosting the total number of lawyers to over 160 across our six offices. It is a significant investment as we respond to the demands of our clients, strengthen new and well-established offices and boost specific teams.
“We’ve also had considerable success winning more Government work, with three major panel appointments in the last two years. It shows how our national reputation has grown.
“I’m delighted too that we remain a firm that nurtures trainees and develops talent from within. Of the 14 partner and senior promotions we announced last month, over a third were lawyers who started their career with us as trainees.
“We owe our success to the capabilities and hard work of our staff and we are pleased to announce that they will again receive a bonus under our staff bonus scheme.”
