Law firm reports 24% revenue growth
A Leeds-based law firm has seen a 24% revenue growth, from £11.7m in 2017 to £14.52m in its recent annual results.
Clarions’ annual results for the year ending 31 May 2018 also show a 13% profits rise. During the year, the firm grew its team to 188, including 24 partners. The firm’s property and corporate practices put in particularly strong performances, said Clarion.
Roger Hutton, joint managing partner of Clarion, said: “It’s been another fantastic year for us with the firm successfully attracting talented lawyers and investing in developing our team as we win new mandates from large, national corporates as well as from entrepreneurial businesses across the North.
“We have established a law firm which resonates with these key audiences and, consequently, we are experiencing significant growth.
“There’s no doubt that we’re also benefitting from Leeds’ vibrant legal community which is a stand-out sector and a real boost to the regional economy. Increasingly, we’re seeing blue chip firms looking beyond London for a more cost-effective option and Yorkshire is an obvious choice. The healthy competition here makes everyone perform better and enables us all to draw talent and work from the capital.”
With the team continuing to grow, Clarion has announced that it will be taking another 5,000 sq ft of space on the second floor of its Elizabeth House offices on Queen Street.
