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Knutsford law firm announces record profits
A LAW firm with offices in Knutsford has announced a record turnover for the last financial year.
Weightmans LLP, with offices on Tatton Street, has announced record turnover of £87m for the 2013/2014 financial year, an increase of £5m on the previous year’s result of £82m.
The firm saw revenue growth of 6.6 per cent across all business lines, with many practice areas exceeding annual targets. Net profit increased by 2 per cent to £24.1m and debt was reduced from £9.6m to £3.5m, a reduction of 64 per cent.
Over the past year, Weightmans has enjoyed a period of rapid growth.
During this time it has realigned its culture in a national transformation project, changing technologies and working practices in-line with client demand, launching a new Insurance Business Line, and making numerous key hires.
John Schorah, managing partner, 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.”
In addition to financial growth, Weightmans has also excelled on a number of levels over the last twelve months.
The firm was awarded a top five place at this years’ annual Britain’s Top Employers awards, was granted its ABS licence, and received a record 82 specialism rankings and 120 individual rankings in Chambers and Legal 500.
John 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. Over the next 12 months we will continue to invest in our business, for our clients and our people, and strengthen our brand as we continue to grow.”
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