Profits up at acquisitive law firm

Profits at revenues at law firm Gateley have increased with “excellent” results posted on the London Stock Exchange this morning (11 July).

Turnover at the law firm for the year-ending 30 April, which has offices in Leicester and Nottingham, rose by 15.7% to £77.6m, while profit rose by 18.8% to £13.1m.

The results come in a year when the firm acquired Gateley Hamer, in September 2016.

Michael Ward, chief executive office of Gateley, said: “I am delighted with the continued progress made by the Group in the year. This represents another year of continued expansion for us where we have both grown the business and invested further in it to support our future expansion. This has been possible due to the strength of our service offering, the depth of our client relationships and the growth in our teams of skilled professionals.

“Trading in the second half of the financial year ended 30 April 2017 was excellent and we are pleased to report that trading in the first two months of the current financial year has continued well. We are confident that our business is well balanced and resilient and we remain focused on delivering another year of growth in our core services, whilst continuing to look for complementary acquisitions.”