Law firm celebrates £20m milestone
East Midlands law firm Nelsons has broken through the £20m turnover barrier following a stellar year which saw it “recapture the spirit” upon which it was founded.
The firm – which has bases in Nottingham, Derby and Leicester – exceeded its targets in 2022, growing its offering and posting a record financial performance.
Over the past 12 months, the business has made 16 promotions and made its debut ranking in The Times’ top 250 law firms for its personal injury and clinical negligence expertise.
Nelsons’ success this year marks the culmination of a strategy introduced four years ago by chief executive Stewart Vandermark.
He said: “I’m proud to see the ambitions put in place for Nelsons four years ago have been realised, resulting in an incredible year for the firm. In the past four years, we’ve made significant investments in all three of our offices and have rebranded the firm, redefining its culture and setting out a clear vision. This created a real buzz in the workplace, helping us to drive performance and reach our targets.
“When we launched our vision of what we wanted to achieve, we committed ourselves to a stretching headline target of hitting £20m. Surpassing that has been a collective effort and we certainly couldn’t have seen such success without our hardworking teams across our offices, where everyone has embraced the vision we set out. Big changes can be daunting, but it is also a great way to release new energy and it really feels as though Nelsons has had a resurgence, while still retaining its core sense of purpose.
“Having achieved the target of £20m, we now move onto the exciting task of finalising our vision for the next three years while celebrating the firm’s 40th anniversary in 2023. We’ve got a lot of plans in the pipeline to announce in the new year, including a variety of events and activities with local charities.”
Vandermark added: “We know there are some uncertain times ahead but having recaptured the spirit that the firm was founded on, we’ll continue to drive growth through our culture and commitment to clients, looking for new opportunities as we set our sights on even greater goals for the future.”
