Law firm hails eighth consecutive year of growth

Law firm Irwin Mitchell has announced turnover growth for the eighth successive year to £241.8m for 2017-18, representing a rise of 53% over that time frame and growth of three per cent year-on year.

The firm, which employs 363 staff in Birmingham, said profit before tax in 2017-18 of £12.1m was similar to the previous year (£12.3m) despite a strong trading performance across the group, due to a number of one-off costs that will “position the business more strongly for the future”.

As well as a personal injury division, Irwin Mitchell said it has seen growth in its private wealth arm which was launched
18 months ago.

Outside of legal services, Irwin Mitchell’s group companies Ascent (debt collection for banks and SMEs) and IM Asset Management, which has over £600m funds under management, continue to perform well and Irwin Mitchell has also completed more than 2,000 tax returns through its tax advisory service.

Andrew Tucker, group chief executive at Irwin Mitchell said: “Our trading performance in the past year was very strong and we’re increasingly seeing all parts of our business working together to deliver the services our clients truly value whether that is related to business or their personal lives. More and more of our clients are using multiple services with us as they recognise that it makes sense to simplify their range of advisors.

“We are also investing more than ever in ensuring our people are well looked after and have the resources available to meet our clients’ needs.”