Turnover tops £10m at law firm as new managing partner takes over

LCF Law has reported a successful financial year with turnover hitting £10.1m on the back of double-digit growth over the past 12 months.

For the year ending 31 March 2024, LCF Law’s total group revenue grew by more than 10%, from £9.1m the previous year, with nearly all its specialist divisions, which span both commercial and personal law, experiencing an increase in turnover.

The firm employs about 140 people across offices in Leeds, Bradford, Harrogate and Ilkley.

Last month LCF Law confirmed Ragan Montgomery has taken over as managing partner, succeeding Simon Stell who remains with the firm, acting as a mentor and sounding board as well as supporting the wider team, to help achieve LCF Law’s goals.

Montgomery said: “We pride ourselves on employing the best people who always strive to provide clients with a superb service at the right price.

“In recent years we’ve worked hard to become more efficient and improve productivity, as well as continually investing in our team, so they can achieve their full potential, and we’re now seeing the benefits of this ongoing strategy.

“Clients are also reaping the rewards of this and benefiting from our continued investment in technology, which continually keeps them updated on progress and provides easy access to information, which is all part of our aim of being the best law firm to work with.

“These latest results will act as a springboard for further growth, with several new high-profile partner appointments due to be made this spring, which all makes it a very exciting time for LCF Law.”