Revenues and profits climb at law firm amidst tough market

Leeds and Bradford-based law firm, Gordons, increased its annual turnover by 6% to £21m for the year ended 31 March 2023, with net profit also up 6% on the previous period to £10.6m.

During the financial year, Gordons experienced growth across its sector-led service offers with retail, food and drink and residential development all performing well.

Other highlights include the firm’s commercial team achieving a 14% rise in turnover, which means they have doubled revenues over the past three years.

Gordons, which employs about 170 people, confirmed six partner appointments during the period and secured a range of new clients including US grocery retailer Whole Foods, MKM Building Supplies and housebuilder Honey.

Senior partner, Paul Ayre, said: “We are pleased to have achieved another year of growth in what was, and continues to be, a challenging market.

“We’ve always had a consistent approach to the development of the firm, aiming to continually improve for the benefit of our clients and our people.

“These latest results reflect the benefits of avoiding a short-term approach and the advantages of building strong, long term client relationships.”