Ninth consecutive year of growth for law firm
Leeds-based law firm Bevan Brittan saw its revenue exceed £60m for the first time in its history with its profit also increasing year-on-year in its results for the financial year 2021-22.
Income rose by 7.2% to £60.08m in the year ending April 30, up from £56.1m in the previous 12 months – the ninth consecutive year of growth, during which time revenue has risen by 83%.
Growth was seen in both existing and emerging markets, most notably in Financial Services (up by 58%), Independent Health & Social Care (29%) and Energy & Resource Management (24%).
Profit was up 6.6% to £15.7m in 21/22 and has risen 158% during the last nine years.
The financial year also saw a number of significant client wins and seven partners join the expanding firm, which also has offices in Birmingham, Bristol and London.
Managing partner, Duncan Weir, said: “This is another strong outcome, which demonstrates the benefit of diversifying our markets, the strength and depth of our business and the excellent teams we have across the country.
“Exceeding £60m is a significant milestone for us but there is more to come.
“This has been a team effort and our ability to attract more high-quality, high-profile clients and recruits to Bevan Brittan shows that we are in a strong position to deliver further growth in the current financial year and beyond.
“It also puts us in a strong position to consider options beyond organic growth, including acquisitions. We see a number of potential opportunities to develop our business further and have already had some interest but we will only pursue an acquisition if it was the right move for us.”
The 12-month period reported saw Bevan Brittan appointed to the Crown Commercial Service (CCS) Central Government legal services panel and reappointed to the local government legal frameworks – EM Lawshare, the London Borough Legal Alliance and the NHS Resolution legal panel.
The firm revealed in May that it had promoted 10% of its lawyers, with 32 colleagues successful across its four offices, including five new partners, a new legal director, 13 senior associates and 13 new associates.
