Continued double digit revenue growth at law firm
Leeds-based law firm Clarion has again achieved double digit growth, with its turnover rising by 16% from £23.2m in 2021 to £26.9m for the year ending 31 May 2022.
It has also seen team numbers increase, welcoming its 300th colleague in January with turnover in its current financial year set to further increase to £30m.
Clarion notes that it has now achieved double-digit growth every year for the last eight years.
Roger Hutton, joint managing partner, said: “While we are a relatively young firm, we’ve always had big ambitions and having proved our ability to rival the large national firms with offices in Leeds, we are increasingly winning work not only from London and across the UK, but also internationally as, post-Covid, businesses look for the best value advice, regardless of location.
“In such a tough economy, our continued expansion is largely enabled by our growing reputation as a national alternative to the biggest firms, both for major UK corporates and international clients.
“With Leeds successfully establishing itself as the main UK legal hub outside London, we’re seeing an interesting dynamic with many talented lawyers looking beyond the capital and seeking challenging career opportunities which can also deliver a better quality of life.
“Last year alone, we recruited another 15 colleagues, both from the rich pool of talent we have in the North and also by attracting best-of-breed lawyers from top London firms as our strategy gains momentum.”
Clarion says its corporate and real estate teams in particular have both put in strong performances.
Last year, the firm worked across 75 countries, and it plans to strengthen its international team and client base.
And looking ahead to the next 12 months Clarion says it expects there to be more demand for its dispute resolution and restructuring services.