Law firm JMW has revealed a 25 per cent surge in income following another year of growth despite the impact of the pandemic.
The Manchester-headquartered firm, which launched a London practice last May, revealed revenues for 2019/2020 has grown from £38.1m to £47.6m.
JMW, which now has 550 partners and staff, also reported a 23 per cent increase in profit from £6.5m in the previous year to £8m.
Its London office contributed £5.1m of revenue in its first year of operation.
The Manchester office billed £42.5m, an 11.5 per cent increase on the 2018/19 financial year.
During the last financial year most departments at JMW have continued to increase revenue.
The employment team led the way with an increase of 50 per cent followed by commercial litigation with a 32 per cent increase.
Fees also grew in real estate finance (31 per cent), corporate and commercial (29 per cent), private client (28 per cent) and family law (27 per cent).
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JMW remains committed to the use of digital marketing and has again seen growth from instructions via its website, with online revenue up from £2.5m to £3.4m, a growth of 36 per cent.
During the year, the firm also made 39 promotions across all levels and departments.
Joint head of real estate finance Jodi Lund has been made an equity partner and joins the firm’s board.
Jodi formed the real estate finance department at JMW in 2018 with fellow joint head Warren Martin.
She represents lender clients in the specialist finance sphere from private bridging lenders to institutional banks and PLC’s.
The department’s clients include Precise Mortgages, LendInvest and United Trust Bank.
Clinical negligence partner Angharad Hughes has been promoted to fixed-share partner. She is experienced in a wide range of clinical negligence claims with a focus on brain damage and spinal injuries.
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There have also been seven promotions to partner for Peter Barnard, Richard Glover and Oliver Wright in commercial litigation, Emma Hickman in corporate, Holly Tootill in family law, Julian Rogozinski in real estate residential and Sam McElroy in PI.
There were a further seven promotions from associate to senior associate and 23 promotions from solicitor to associate.
JMW senior partner Joy Kingsley said: “We have continued to hire exceptional partners during these uncertain times and have recently made six hires where negotiations have been completed remotely.
“We are working hard to ensure our people continue to work in a strong business. They have adapted very well to working from home but we look forward to welcoming them back when the time is right.”
She continued: “We are pleased by the continued growth of the firm across all of our departments and to have enjoyed another year of record financial performance.
“However, we appreciate that we are currently in unprecedented times and that our financial year end in April occurred before the disruption had a real effect. These are testing times for all businesses.
“The loyalty and commitment of the people who work for JMW has enabled us again to achieve this success and their talent and attitude will help us to navigate through difficult times.”