Bank renews and doubles law firm’s revolving credit facility to £16m
A Manchester-based personal injury law firm has had its revolving credit agreement with The Royal Bank of Scotland (RBS) renewed and doubled, so it’s now worth £16m.
The RBS funding will allow Express Solicitors to continue its growth and acquisition strategy throughout 2025 and beyond.
It will help bolster a strategy based on both organic and acquisition-based expansion, as well as make funds available for increased marketing spend and the recruitment of more staff across all areas of the business.
Last September, the Express Solicitors Group announced another increase in turnover, coming in at £70.6m, up from £54m in 2023.
James Maxey, CEO, said: “RBS has supported us from when I started Express nearly 25 years ago and I’ve been a lifelong customer.
“We’ve got another big year coming up with acquisitions in the pipeline and we’re doubling our graduate scheme intake.”
He added: “We’ve always been very ambitious and while this renewed agreement will help us to expand, we’ll also be able to ensure we retain the high customer service levels and Excellent Trustpilot rating we’re known for.”
Aldo Palazzo, Relationship Director at RBS parent group NatWest, said: “We’ve been working with Express Solicitors for years and it’s great to see how well the firm is doing.”
Express Solicitors has approximately 740 staff and is ranked 70th in The Lawyer Top 200, out of more than 9,000 UK law firms.
