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PRIVACY
Professional Services

Islamic banking and private equity fuels top law firm growth

Significant project successes in the year include advising on the £1.6billion Pivot Power electric vehicle recharging network

Foot Anstey's John Westwell(Image: Foot Anstey )

Foot Anstey's record of strong year-on-year growth has continued with the firm reporting turnover of £47.2m for 2019 - which represents growth of nine per cent since 2017/18, and 95 per cent in the past six years.

Revenue from clients within the firm's core industry sectors grew by nine per cent, with the financial services sector enjoying significant growth. In practice areas, Islamic banking grew by 75 per cent and private equity by 85 per cent.

As the firm enters a new strategic period, it has also conducted a review of its core sector approach. This has led to some refinements built on success and expertise:

  • The housebuilders and commercial developers practice areas each grew by 20 per cent, leading to their evolution into the new developers sector.
  • In addition, Foot Anstey's stand-alone expertise in the fields of energy and private wealth has led to the creation of two new sectors.
  • 'Media and technology' becomes 'media and entertainment' and 'retail, leisure, food and drink' becomes 'retail and consumer' – in both cases to reflect a more focused offering.
Salt Quay House, Plymouth HQ of regional law firm Foot Anstey

Foot Anstey has offices in Bristol, Plymouth, London, Exeter, Southampton, Truro and Taunton.

Managing partner John Westwell said: "Another year of strong growth is very pleasing, given an uncertain wider business environment.

"Our push for market share through a focus on our established sectors and retaining high-quality talent continues to pay dividends. Our sector review will provide further focus for our teams, ensuring we continue to be active participators in those industries we operate in and can really understand their business challenges to tailor our advice accordingly.

"Notable new client wins include Welcome Break, Goonhilly Earth Station Ltd, and private equity firm Livingbridge – the compliance programme for which has twice been award shortlisted.