Browne Jacobson LLP has achieved another record set of financial results with turnover rising 11.5% to £50.2m in 2013-14 from £45m in 2012-13 – the fourth year in succession that the law firm has posted a record set of results and the second time in three years that Browne Jacobson has recorded double digit growth
All five of the firm’s offices posted impressive growth figures as well with its Birmingham office posting a 10% increase in work done.
A series of key strategic lateral hires and record in house promotions this year has seen partner numbers at the national firm reach 99 with total lawyers numbering 391. The firm’s overall headcount rose by 4%.
The year got off to a strong start with the firm’s re-appointment to the panels of two key clients: the NHS Litigation Authority and Hiscox. Over the course of the year the firm continued to attract a string of impressive national and regional public and private sector clients and instructions including Wm Morrison Supermarkets PLC, The London Taxi Corporation Ltd, Time Products (UK) Ltd – manufacturer of Sekonda and Accurist watches, PZ Cussons Beauty LLP – owner of beauty brands St. Tropez, Charles Worthington and The Sanctuary, Pii Chancery, Elite Insurance, OIM Underwriting, NHS England – including the NHS England national 111 Futures Project, NHS Property Services, NHS Shared Business Services, Community Health Partnerships, EM Lawshare, Natural Resources Wales, Environment Agency, Homes & Communities Agency, the London Borough of Hounslow, Norfolk County Council, Torbay Council and Cheshire East Council.
Managing Partner Iain Blatherwick, said:
“We are delighted to have broken through the £50m mark for the first time and in doing so achieved our major financial target coming into the year.
“Our growth this year can be attributed in large part to delivering on the significant investments we made in 2012-13, working smarter, winning a number of new clients and, as importantly, retaining all our key clients and instructions. We are also now really starting to see opportunities arising from our mix of practice areas as the boundaries between the public and private sector shift.
“We are busier than we have ever been as a firm and continued to see strong demand across the board with our health teams in particular seeing a marked upturn in activity.
“This performance is testament to our ability to work alongside all our clients, providing them with the excellent service, support and advice they are entitled to expect.”