Leicester law firm posts hike in profits

Law firm Weightmans, which has an office in Leicester, has released figures that stable turnover and a rise in profits for the last financial year.

The firm has announced a turnover of £95m, with profits up 21% to £11m.

The news comes just months after Weightmans called off a merger with Ward Hadaway.

Weightmans managing partner John Schorah said: “This is a good result in a year which was both challenging but rewarding – we invested heavily in new technology, office space and staff development, whilst managing to control our costs and maintaining excellent client service.

“As is expected from the changing legal environment, we continue to see some reduction in revenue from a proportion of our volume defendant claims areas. At the same time however we are seeing some fantastic growth in a number of areas including in claims as we continue to develop the business to suit these changing client requirements.”