Law firm Weightmans has announced record turnover of £87 million for the 2013/2014 financial year, an increase of £5 million on the previous year.
The firm, which has offices in Birmingham, Dartford, Glasgow, Knutsford, Leicester, Liverpool, London and Manchester saw revenue growth of 6.6 per cent across all business lines, with many practice areas exceeding target.
Net profit increased by two per cent to £24.1 million and debt was reduced from £9.6 million to £3.5 million, a reduction of 64 per cent.
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Over the past year Weightmans has enjoyed a period of rapid growth.
It has also undergone a cultural change through a national transformation project and launched Insurance Business Line.
Managing partner John Schorah said: “This has been another positive year of organic growth and change for the firm.
“The figures are a direct result of our commitment to providing a truly authentic exceptional client service, innovative solutions and above all, teamwork.
“This is a real testament to the hard work of our people. I would like to thank everyone for their continued efforts and our clients for their continued support.”
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Over the past year the firm has also celebrated a top 5 placing at Britain’s Top Employers awards and was granted an ABS licence.
Mr Schorah added: “This year we are continuing our focus on technological innovation, making significant improvements to our processes internally, but also externally enhancing client experiences.
“We have an exciting year ahead, starting with our involvement in the International Festival of Business this summer.”