LAW firm Weightmans, which has offices in Manchester and Liverpool, has announced record turnover of £89.2m for the 2014/2015 financial year, an increase of £2.2m on the previous year’s result of £87m.
The company says growth has come about due to high level performances from a various parts of the business over the year.
The firm has continued to work hard to restrict its reliance upon external borrowing and in comparison to peers in external surveys, it demonstrates the firm’s relatively very low levels of debt in relation to both to profit and turnover.
Weightmans has enjoyed a period of good growth over the past year, had the benefit of key lateral hires, winning new clients, and the increased performance management efficiencies encapsulated within their Business Transformation Project, Springboard.
John Schorah, managing partner at Weightmans, said: “This has been another positive year of growth and development for the firm.
"The figures demonstrate our firm wide commitment to providing a truly authentic exceptional client service is paying dividends. The growth of our client base is testament to the value we place on our client relationships, and the emphasis this has on our overall business strategy. I would like to thank everyone at Weightmans for their efforts and our clients for their continued support.”
Other highlights for Weightmans over the past 12 months have included the setting up of a new office in Glasgow, achieving record rankings of 112 specialisms and 169 individual rankings across Legal 500 and Chambers UK Directories, and the inclusion in The Guardian’s Top Employer list for the eighth year running.
Shorah added: “We have an exciting year ahead with further plans to grow and expand, and over this financial year we will continue to invest in our business, improving our processes and procedures for our clients and our people."