Home Business NewsBusinessBusiness Growth News Record financial results for Browne Jacobson as turnover hits £105 million

Record financial results for Browne Jacobson as turnover hits £105 million

by LLB Finance Reporter
25th May 23 11:04 am

UK & Ireland law firm has announced its financial results for 2022/23 with turnover rising 12% to a record £105m for the year ending 30 April 2023. These results include first year revenues from Browne Jacobson Ireland LLP.

In less than a decade the firm has more than doubled its turnover (2014 – £50m) which has been achieved organically and with consistent investment in diversifying its client base, talent and infrastructure.

Richard Medd, Managing Partner at Browne Jacobson, said: “This is another impressive set of results for the firm despite domestic and global challenges. Breaking the £100m ceiling for the first time is one of many significant milestones for the firm this year. It also marks the first year that our results include Browne Jacobson Ireland where having a fully integrated network has already started to reap benefits with a strong demand for our services.”

“None of this would have been possible without the incredible support of our clients and the hard work and dedication of our talented people across all of our six offices.

“Since taking over the reins as Managing Partner three years ago  I have seen the firm go from strength to strength during an unprecedented period of change. We have another exciting year ahead and the investments we have in the pipeline will put us in an even stronger position to deliver for our clients and give great opportunities to our people.”

Key highlights for the year saw the opening of the firm’s first international office in Dublin and the relocation of its Birmingham office to 103 Colmore Row, the city’s latest flagship office building.

Browne Jacobson also announced a series of key partnerships including becoming the first UK law firm to partner with O Shaped to help shape the lawyers of the future. The firm continued to lead on promoting equality, diversity and inclusion in the legal sector after being ranked the UK’s No 1 employer by the Social Mobility Foundation for the second year running.

Client-side, the firm further strengthened its public and private sector portfolio adding, amongst others, Castore, Scania, Inspired Villages, London Boroughs’ Legal Alliance, Liverpool University Hospitals NHS Foundation Trust and The White Horse Federation, a 31 school, multi-academy trust based in Swindon. The firm also successfully renewed its panel relationships with key insurer clients Hiscox and HDI Global.

The firm continued to invest in people with a series of key partner hires including  Dublin partners Jeanne Kelly and Ciaran Markey, Manchester based Jason Nash, Lee Ashwood, Francis Katamba and Michael Appleby,  Heather Caddy in Nottingham, Emma Roake and Carly Caton in London, and Nathalie Jacoby-Danesh. The firm also announced 29 partner, legal director, and senior associate promotions.

Other significant strategic investments included the roll-out of Aderant, its new practice management system, a new website and a refreshed brand.

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