Turnover climbs again at law firm despite economic turbulence

A northern law firm says it has achieved a consistently strong performance as it publishes its 2022-23 financial results today.

Ward Hadaway, which employs more than 450 people in offices in Leeds, Manchester and Newcastle, reported revenue for the financial year of over £45m (2021-22: £43m).

It marks an eighth consecutive year of growth, during which time the business has grown by more than a third.

Following significant investments in the Leeds and Manchester regions in recent years and expansion of its legal services, the firm says it experienced significant growth across its Yorkshire and North West teams.

It adds this progress aligns with its strategic objectives to operate substantial offices in these areas as well as in the North East.

Managing partner, Martin Hulls, said: “I am happy with the consistent turnover growth we have achieved over the last eight years.

“During a time of unprecedented economic and societal turbulence, of a significantly rising cost base, of micro- and macro-economic headwinds both internationally and at home, we have demonstrated the benefit of being committed, consistent and considered.

“To achieve our highest ever turnover against this backdrop, assisted by the particularly strong growth in Leeds and Manchester as well as continued development in Newcastle, is testament to the clear focus maintained by our teams right across the firm.”

During 2022-23, Ward Hadaway recruited 78 new people, and made 54 promotions. This includes retaining all of the 12 qualifying trainees and apprentices within the business when they completed their training contract in September.

Hulls added: “We have an exceptional group of legal experts across our offices supported by a fantastic business support team, and our clients appreciate our full-service offering, delivered with a straightforward, friendly approach, tailored to their needs.

“We are extremely proud of our committed teams, working for our loyal clients who continually challenge and inspire us.

“The firm’s consistently strong financial performance demonstrates yet again the results that this powerful combination can deliver.”