Profits soar at Leeds-based law firm
Leeds-based Shulmans LLP has reported record profits of more than £6.2m, an increase of 40% for the 2017/18 financial year, with turnover reaching £16m, up 24% on last year.
The law firm now employs 216 people and 24 partners at its Wellington Place headquarters and recognition in the leading national awards for the legal profession.
As well as boasting a slew of national clients including Lidl, Greggs, Barratt Homes, Costcutter, Betfred and Town Centre Securities, Shulmans’ international clients now include Ghana International Bank and Chilean manufacturer, Drillco.
Managing partner, Tim Halstead, said: “This has been an exceptional year as we continue to grow and increase market share. It’s also an incredible achievement to be recognised by The Lawyer for what we’ve done to develop the firm.
“We are proud to be different, investing in our people and supporting employees with a transparent career development programme as we continue to grow organically. Our decision to base the full team in Wellington Place has been very successful, enabling clients to access all our expertise under one roof. It also means that all our colleagues can benefit from work-life balance initiatives in the heart of the Leeds Business District. Our dedicated team continually strives for excellence and this is recognised by clients and colleagues alike.”
The team has grown with multiple appointments including new partner Julie Carr in the residential development team, associate Peter Woods in the commercial property unit, Donna Bibby as Client Relationship and Business Development Manager in the debt recovery unit and Katrina Allen as an associate in the firm’s transactional property team.
