Revenues pass £50m at Yorkshire-based law firm
Bevan Brittan LLP, which has offices in Toronto Square in Leeds, has reported double-digit growth in both revenue and profit for the financial year 2019/20.
Its turnover has reached £51.4m – up 11.7% (2018/19 – £46.0m, 2017/18 – £44.0m). Net profit is £11.35m – up 13.8% (2018/19 – £9.97m, 2017/18 – £9.56m).
Over the last 12 months the company, which has over 50 legal professionals and support staff in Leeds, has advised over 800 businesses and been appointed to advise and support new clients including NS&I; Dematic; Central Housing Investment Consortium; Sunderland City Council; and Pioneer Group.
In housing, it now advises over 140 Registered Providers and Funders clients including the largest Registered Providers in Yorkshire.
And it acts for 60% of all NHS Trusts and over 150 private health and social care providers across the country.
Michael Boyd, head of Bevan Brittan’s Leeds office, said: “It has been another successful financial year for Bevan Brittan, marking seven years of continuous growth with a 57% increase in revenue and an 86% increase in net profit over that period.
“Building on last year’s strong revenue and profit, we have this year continued to invest in our client relationships, office and IT infrastructure and develop and recruit the best legal talent that fits within our growth strategy.
“With a strong platform for growth established thanks to our balanced client portfolio, we are well placed to continue growing our presence in Yorkshire.
“In the past year, we have completed the expansion of our Toronto Square office as part of our national office refurbishment programme and welcomed a number of talented new lawyers to our Leeds teams.”
During 2019/20 the firm’s Leeds office was appointed to the Shawbrook Bank ABL (Asset Based Lending) panel for Yorkshire and the North East.
And it advised Yorkshire Housing Ltd on the acquisition of a large development site in Sherburn-in-Elmet – the largest ‘own-development’ Yorkshire Housing has undertaken.