Funding package heralds further job creation at law firm
A West Yorkshire law firm is destined for further growth after switching to HSBC UK and securing a £2.9m funding package with the bank.
Schofield Sweeney has gained the funding to provide it with a £2m Partner Capital facility and a £900,000 Overdraft facility.
It will support creation of around 20 new jobs at the firm, ranging from legal apprentices to partner roles.
This will increase the existing employee headcount from 160 to 180, and create opportunities for existing and aspiring lawyers in Yorkshire.
The expanded workforce will enable the firm to service more clients, something which is expected to increase turnover to £13.5m this year.
Graham Sweeney, managing partner, said: “I am so proud of what we have achieved since the founding of Schofield Sweeney.
“Our team provides a full legal service, offering the expertise and reassurance to deal with a wide range of business and personal matters.
“We have always been focused on growing the business and our switch to HSBC UK and the funding package they have provided will facilitate this.
“We look forward to supporting more ambitious clients and enhancing our services to meet their needs.”
Mike Edwards, relationship director at HSBC UK, added: “We are very pleased to support the growth of Schofield Sweeney.
“It is great to help such an established firm generate opportunities and create jobs. We are excited to see how our support helps the firm develop over the coming years.”