Revenues at law firm hit £60m mark
South West Law firm Clarke Willmott has reported another year of strong growth with revenue passing the £60m mark.
As a result equity partners in the business have seen their personal profit increase by 14 per cent to £489,000.
These results are the final year under the leadership of Stephen Rosser who stood down as chief executive on 30th April having overseen 13 years that have transformed the firm.
He said: “I am delighted with yet another year of excellent performance. It is a credit to everyone at Clarke Willmott that we are in this position.
“Ever since I became CEO, I have been working to build a sustainable, long-term future for the generations that will follow.
“Excellent client service and great career experiences for our people has been at the heart of everything I have worked towards with my team, underpinned at all times by strong financial discipline. These principles have been even more important in the years since 2020 and the COVID pandemic, but we emerge from these years in better shape than ever.”
Incoming chief executive Peter Swinburn was previously a managing director of the firm.
He said: “As we focus on growing our client relationships, we are also building a ‘right size, right shape’ business for the future. Our investments in tech are focussed on enabling our people to work effectively and flexibly wherever they are based on any given day.
“We are also transforming our property portfolio to better meet our future needs. We have already moved or redesigned offices in Southampton, Birmingham and Taunton. In 2023 we will move into the new, high spec Bristol office at Assembly C, and plans for a new Cardiff office are also in place.
“I anticipate that 2023/24 will be a more challenging year in some ways than we have experienced recently, given economic and market headwinds. This said, one of the firm’s great strengths is the diversity of our business. Our resilience is improved as a result, and whilst some areas may face challenges due to the market, others will thrive.”
Clarke Willmott has submitted carbon neutrality plans for verification by the SBTi who are expected to respond later in 2023. The firm is planning to deliver immediate short-term improvements as a result of actions already being taken, and to achieve net zero by 2040.
Clarke Willmott has offices in Birmingham, Bristol, Cardiff, London, Manchester, Southampton, and Taunton.
