Investment and Spanish sale dent Irwin Mitchell’s profits

LAW firm Irwin Mitchell said annual profits had falledn 8.5% aas a result of investment in new office openings, partner hires and the sale of its Spanish practice.

Despite gentle revenue growth of 1.2% to £202.7m in the year to the end of April, the national firm said profits felll from £18.7m to £17.1m.

IM said the drop in profit was due to the short-term impact of the sale of Irwin Mitchell Abogados last September and due to continued investment including the opening of the first of two new regional offic... For the full story register now for free or login below...