Manchester law firm posts record results

James Maxey

A Manchester based personal injury law firm has announced its best ever set of results.

Express Solicitors said group turnover reached £20m.

The firm reached its goal of reaching £20m turnover two years early and by over £1m.

Year-end figures for Express Solicitors increased from £14.5m in 2018 to £17m in 2019 while its sister medical company Ontime Reports Limited contributed a further £4m.

Pre-tax profits for Express were £4.68m against £737,000 previously, while Ontime’s £404,000 pre-tax profit compared with a pre-tax loss of £57,000.

Caseloads have grown from 10,949 to 13,611, an increase of 25%, over the same period thanks to continued long term support from Royal Bank of Scotland.

Over the last year Express Solicitors added 62 new members of staff to its team, a growth of 24% across all departments, with the total number of employees totalling 320 including 30 partners.

The firm made 28 promotions, across all levels and departments, while five trainee solicitors qualified.

As part of its ambitious scale up, Express Solicitors has further expanded its office space by leasing a floor at Hatro House in Northenden which is now home to the firm’s costs department.

Express Solicitors says its rapid growth is thanks to substantial marketing spend, which saw some £6m committed in television, radio and internet advertising campaigns during the year and its commitment to quality lateral hires.

The firm has also invested in a training academy, which was set up this year to ensure young lawyers meet the quality standards expected of them in terms of client care and legal expertise.

Managing Partner James Maxey said: “This year we’ve reinvested back into the business and scaled up with an eye firmly on the upcoming changes in the PI market.

“Importantly, we’ve increased the quality and quantity of lateral hires to ensure we’re ready for the challenges ahead. Despite the significant investment we’ve made, we’re delighted to still be seeing steady and solid growth, and this is thanks to the hard work of everyone in the firm.”

Express Solicitors are ranked in The Lawyer Top 200, its lawyers and the firm  are recognised in The Legal 500  and the firm is noted in Chambers and Partners.

Express Solicitors specialises in personal injury and accident claims, clinical negligence claims and serious injury cases.

 

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