Manchester-based personal injury law firm, Express Solicitors, has announced record results, with group turnover reaching 拢21m.
The firm smashed its goal of reaching 拢20m turnover two years early and by over 拢1m.聽
Year-end figures for Express Solicitors increased from 拢14.5m in 2018 to 拢17m in 2019 while its sister medical company Ontime Reports contributed a further 拢4m.
Caseloads have grown from 10,949 to 13,611, an increase of 25 per cent, over the same period thanks to continued long term support from Royal Bank of Scotland.
It is the firm鈥檚 ambition to reach 拢25m turnover within three years, despite the challenges that will arise from reforms to the personal injury sector from April 2020, which will involve much-reduced damages for RTA claims, alongside a new 拢5,000 small claims limit.
During 2018 to 2019, Express Solicitors added 62 new members of staff to its team, a growth of 24% across all departments, with the total number of employees totalling 320 including 30 Partners.聽
In addition, the firm made 28 promotions, across all levels and departments, while five trainee Solicitors qualified and were admitted onto the roll of聽 Solicitors
As part of its ambitious scale up, Express Solicitors has further expanded its office space by leasing a floor at Hatro House in Northenden, South Manchester, which is now home to the firm鈥檚 costs department.
Express Solicitors says its rapid growth is thanks to substantial marketing spend, which saw some 拢6m committed in television, radio and internet advertising campaigns during the year and its commitment to 'quality lateral hires who will be able to offer quality legal advice to injured clients and also have the business acumen to work in a different PI environment.'
The firm has also invested in a Training Academy, which was set up this year to ensure young lawyers meet the quality standards expected of them in terms of client care and legal expertise.
Managing partner James Maxey said: 鈥淭his year we鈥檝e reinvested back into the business and scaled up with an eye firmly on the upcoming changes in the PI market.
鈥淚mportantly, we鈥檝e increased the quality and quantity of lateral hires to ensure we鈥檙e ready for the challenges ahead.
"Despite the significant investment we鈥檝e made, we鈥檙e delighted to still be seeing steady and solid growth, and this is thanks to the hard work of everyone in the firm.鈥
