UK top 200 corporate law firm, Shulmans LLP, has reported that profits have increased threefold over the past seven years, following an uplift in fee income of 7.5% in 2016.
The firm has grown in all aspects of its business including the number of employees, now totalling more than 190 people, increasing its number of partners and occupying a third more office space at 10 Wellington Place since moving in three years ago. In doing so, Shulmans has firmly established itself as a regional powerhouse, servicing clients on a regional, national and international scale from a single office in Yorkshire.
Its local team of experts are at the heart of the firm’s three strategic goals – to deliver excellent client service, to be a great place to work and in doing so to achieve sustained profitability.
High profile clients in the region and nationally include BetFred, Greggs Plc and Barratt Homes, with the notable additions of motorway service station operator Extra MSA and Avant Homes in the past 12 months. Shulmans’ international presence also continues to strengthen through work with the likes of Ghana International Bank Plc and Zollner Group GmbH.
Shulmans’ Corporate Finance team has had a stand-out year with over £250 million of merger and acquisition (M&A) transactions concluded in 2016. According to a recent report by Experian, Shulmans was one of the most active legal advisors in the Yorkshire M&A market. In addition, Shulmans’ property specialists handled over £4 billion of secured lending work last year.
Managing Partner, Tim Halstead, said: “Shulmans’ sustained success and growth in fees is testament to the outstanding legal talent within our ever-growing team. Retention and development of our people continues to be a priority at the heart of our growth strategy. We are proud to be one of the UK’s fastest rising full service corporate law firms, with our single site office enabling us to deliver excellent client service in a highly agile and effective way.”
