Law firm’s revenue hits record £5.3m
North West law firm Bermans has announced record financial results for the third consecutive year with an increase in turnover from £5.14m to £5.3m.
The firm has made a number of key appointments and internal promotions in the financial year ending June 30.
Its employment team has continued working with Handelsbanken Northern UK Region and the commercial department has worked with jewellers, Boodles, in providing the terms of business, website user terms and privacy policy for the launch of its new website.
The property team has been active in the hotel sector for a number of clients including acting on the acquisition of The Stonecross Manor, Kendal, The Wild Pheasant Hotel, Llangollen and The Regency Hotel, Cheltenham as well as the sale of The Comfort Inn, Middleton.
Senior recruits to the firm include partners Andrew Koffman to the litigation team and Anton Stirrett to the corporate team.
Internally, the firm has promoted Jon Davage to head of corporate and Guy Pattison, to partner in the firm’s property team.
Fergal O’Cleirigh, head of property and finance director said: “Jon has shown energy and enthusiasm for all aspects of the business and is constantly looking for ways to improve our offering, we look forward to him playing a key role in the development of our Manchester office.”
He went on: “Guy has made a significant contribution since joining the firm in 2006, not only in terms of his fee earning but also practice development and in the supervision of others.”
The company says innovation is at the heart of its expansion and success and the firm has recently launched a new suite of innovative funding solutions bespoke to the SME market.
Alex Chapman, partner and head of asset based lending also added: “Our national reputation in the asset based lending industry continues to thrive illustrated by the fact that firstly we have had a record year and secondly by exciting new client wins. We continue to be a market leader in asset and invoice finance and these financial results demonstrate our position in the industry.”
Bermans is a full commercial law firm with offices in Liverpool and Manchester and are credited as a top tier firm in the Legal 500 for debt recovery and ranked in the London listing for Finance in the asset based lending specialism of the Legal 500 Directory.
