Expansion for barristers chambers after double digit growth
North West barristers Exchange Chambers have announced record turnover of £28.7m for the 2016/17 financial year – a rise of 12% on last year’s £25.7m.
The barristers’ chambers, described as a “Northern powerhouse” by the independent legal directories, has now set its sights on further expansion.
Tom Handley, director of Chambers, said: “It has been an excellent twelve months for Chambers with all our departments performing strongly and contributing to double digit growth.”
Exchange Chambers remains on course to increase membership to more than 200 barristers within the next three years. The set recently boosted its Manchester team with the arrival of mediator Paul Johnson from Kings Chambers.
“Our strategy is to further increase our presence and market share on the Northern and North Eastern Circuits,” added Handley. “Our expansion strategy is based on attracting the highest quality work and the highest quality barristers.”
Exchange Chambers has also announced that it will be keeping members’ contributions at the same level, around 12%, for the sixteenth year in succession.
Handley said: “This is a very important measure as it demonstrates sound financial management.
“As one of the country’s largest sets, the multi-disciplinary nature of Chambers enables us to pass on the economies of scale to both our barristers and our clients.
“By embracing modern working practices we are also able to increase revenue and minimise costs. Members receive instructions on the very highest quality work and also benefit from the option of flexible contributions. This combination is fuelling our growth and attracting applications from barristers throughout the country.”