Law firm enjoys bumper year with 17% increase in revenues

Joy Kingsley

Manchester law firm JMW saw a 17% increase in revenue over the last 12 months.

Income at the firm climbed from £32.5m to £38.1m while provisional profit increased by 12% from £5.8m to £6.5m

The profit growth would have been higher but the firm has just invested in a new London base.

In advance of opening the office in Bank in May JMW incurred substantial property and recruitment costs.

Just over 30 people including 20 Partners have joined JMW’s London office or are currently serving their notice.

The London office is due to contribute £5m of revenue in its’ first year, the 2019/20 financial year. Target for the whole firm for 2019/20 financial year stands at £45m.

During the last year most departments have continued to increase revenue and gain new clients.

The new family team, incorporating the DWF Family team, led the way with a substantial increase of 134%, with Fee Income of £4m.

The business crime and regulation team saw a 53% increase.

Clients of JMW this year included TJ Morris, Bardsley Construction and the Brookhouse Group.

Highlights included acting for a Singapore-based company on the purchase of Barton Arcade and advising the successful consortium of buyers on the purchase of the Premier League Rugby club, Worcester Warriors.

The litigation team continue to act for over 5,500 claimants seeking compensation from Morrisons supermarket over a significant data leak.

Fees from the solicitors’ referral network Lawshare also increased by 28% from £2.25 million to an impressive £2.9 million.

The Lawshare network now incldes some 430 firms, an increase of 50 in the past year.

JMW continues to be committed to all forms of digital marketing and has again seen good growth from instructions via its website, with website revenue up by 14% from £2.2million to £2.5 million.

In 2019 JMW was listed at number 21 in the Sunday Times Best Companies to Work for and are placed at number 85 in The Lawyers Top 100 UK Law Firms by revenue. The firm also won Large Law Firm of the Year at The Manchester Legal Awards in March 2019.

JMW’s Senior Partner Joy Kingsley said: “We are delighted by the continued growth of the firm across all of our departments and to have enjoyed yet another year of record financial performance.
“We very much appreciated the efforts from all of our Partners and staff at JMW in achieving these excellent financial results yet again.

“We are excited now to see how our new London office grows and we are committed to building on our great achievements to become the law firm of choice for clients across all our disciplines, across the whole of the country.

“The JMW ethos and strong work ethic has helped us again achieve this success.”

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