Revenue rise triggers renewed growth commitment for Midlands law firm
Midlands law firm Wright Hassall has announced a rise in revenue and pre-tax profits.
The firm’s annual accounts reveal revenue generated in the year to December 31, 2016 rose by 11.5% to £19.6m – up from £17.6m the previous year.
Pre-tax profit at the Leamington-based firm also rose to £3.9m from £3.6m in 2015.
Wright Hassall has seen a 74% growth in turnover between 2008 and 2016, and a 43% increase in headcount in eight years. The firm now employs around 300 staff, including 115 fee earners and 43 partners.
Sarah Perry, managing partner at Wright Hassall, said: “Wright Hassall has achieved year-on-year growth in each of the last seven years and we’re pleased the hard work of our team has led to revenue climbing to close to £20m.
“In 2016, as part of our growth strategy, we identified three priority sectors on which to focus – housing, agriculture, and advanced manufacturing and engineering. Performance across each sector has been extremely strong and has continued into 2017.
“The growth strategy is underpinned by a robust strategic vision which places clients at the heart of the business and we’re also delighted that our account managed clients achieved a 17% increase in turnover last year.”
Last year also saw the firm continue its recruitment drive, with the addition of eight new partners and a new sales director.
Adding these experts has been crucial in continuing the firm’s ambitious growth drive, added Ms Perry.
“We are confident Wright Hassall’s reputation and commitment to service excellence is continuing to grow across the UK and we remain extremely positive for achieving future growth in line with our targets,” she said.