Brabners bullish on growth prospects

LAW firm Brabners has reported an increase in annual turnover and says it is hungry to grow its market share with new hires on the agenda.

The commercial law specialist, which has offices in Leverpool, Manchester and Preston saw fee income in the year to the end of April 2014 rise 4.5% to 30.2m.

Reflecting what is said was investment in technology and people, profit after members’ pay and profit share was down fractionally at £2.9m, compared with £3.1m in 2013.

Brabners, which has 65 partners, said it had seen growth across its commercial litigation, property, corporate and private client practices.  

It also said its strategy of focusing on a broad range of core commercial services had ensured it remained “one of the region’s enduring success stories against a turbulent backdrop”.  

Over the last 18 months, the firm has invested a total of £2m overhauling its IT infrastructure, while hiring six new partners.

Looking forward, the firm said the strength of its balance sheet and cashflow – would allow it to continue investing in new hires.

Managing partner Mark Brandwood said: “Whilst many of our peers have struggled to remain competitive and viable, our teams continue to show that a clear focus on core commercial services, investment in talent and technology and a dedication to clients and their needs can drive growth in an uncertain market.

“Our underlying financial strength gives us both the faith and the firepower to invest more aggressively in developing and hiring the very best talent during the year ahead to capture a greater share of the market.”