Law firm on course to hit £60m turnover target before forecast
Wythenshawe-based personal injury law firm, Express Solicitors, has reported better revenues and profits for its 2023 financial year.
Group turnover rose by 28% from £42m in 2022 to £53.5m for the latest fiscal year. Pre-tax profits jumped from £9.1m to £13.67m.
The Lawyer Top 100 firm is edging ever closer to its target of £60m turnover within the next five years.
Open caseloads have grown to around 25,000 and medical reporting agency Ontime, part of the Express Group, is also up to £7.6m turnover from £6.4m the previous year.
The turnover news coincides with Express jumping up 13 places in the Lawyer Top 200 UK Law Firms to now being placed at 80, and also being recognised again in the Legal 200 for both its personal injury and clinical negligence work.
CEO, James Maxey, said: “We’ve had another great year, every part of the business has had its numbers increase this year.
“If we continue this way, we could be hitting our target £60m earlier than expected, which would be amazing.
“The acquisition of Michael W Halsall Solicitors in October last year has been a big factor in our success and another big development is the purchase and refurbishment of premises in Sharston, South Manchester, which will allow us to keep expanding.
“It’s also exciting that we have more growth locked in with the recent acquisitions of Amelans and Jefferies Solicitors, which will show up on next year’s figures. The opportunities before us are looking very good indeed.”
He added: “We are continuing to look at progressing the business, developing our people and recruiting the best talent so we can carry on with the important work we do in helping injured people.”