Law firm posts record results as growth plan pays off
Buckles, the law firm which has offices in Nottingham and Stamford in the East Midlands, has posted record results for the 12 months to the end of March.
The practice, which was set up in 1817 and has its head office in Peterborough, has revealed revenues of £17.4m for the year – a rise of 17% on 2023’s results.
Buckles says the growth can be pegged to organic growth from “significant” new client wins in the banking sector, as well as the acquisition of new teams in Bristol and Swindon.
Buckles chief executive, Duncan Jackson, said: “Given an industry average growth of 6.8%, delivering almost 11% above that figure shows what an exceptional year our teams have delivered. Our performance is ahead of expectations and this has been the single biggest year-on-year jump in revenue the firm has reported.
“We recognise we still have work to do to achieve wider recognition of the talented team we have assembled for its technical excellence, market leading client care and ability to create and maintain the long-term client relationships that have driven this growth. But progress is good.”
“Acquiring new teams in Bristol and Swindon, the team in Nottingham outgrowing their existing offices and major hires, such as Phillippa O’Neill, Ben Fox and Sharon Sherriff, demonstrate the strength of our offering is attracting not only good clients, but talented legal professionals too.
“The year ahead will again see us identify and recruit partner-level lateral hires that move us forward in our chosen sectors, but always with an eye for opportunities to deliver rapid growth, such as we successfully managed this past year.”
Jackson said that in the six years since implementing the strategic growth plan, the firm’s senior management team has overseen a more aggressive, focussed approach to growth in all sectors, which has seen the firm increase its headcount to more than 230 and double revenue.
Buckles chairman, Colleen Gostick, added: “Our strategic plan evolves to reflect the changing needs of our clients and this past year we launched our client onboarding team, whilst putting the finishing touches to a new practice management system rollout, all designed to improve the client engagement process.
“To move forwards you sometimes have to take a sideways or backwards step, but our commitment to making our clients’ needs, the focus of every decision we make, will ensure we continue to attract the repeat business and positive feedback that has helped Buckles grow so strongly, so quickly.”
