National law firm Bevan Brittan saw a 9.1% increase in revenue to £56.1m in the 2020/21 financial year, while net profit rose by 29.5% to £14.7m.
Managing partner Duncan Weir said growth had been seen across the business, within its emerging market areas such as energy, financial services, higher education and construction, as well as its established markets – local and central government, health and social care, and housing.
The firm said its prior investment in IT systems had enabled it to extend its agile working practices for all its colleagues without any impact on clients.
It also pointed to a continued focus on a number of key areas, including:
- Recruitment of eight new partners and legal directors across a range of legal practice and market areas – five joining in London, two in Leeds and one in Bristol.
- Promotion of 15 colleagues – one to partner, eight to senior associate and six to associate.
- Refurbishment of its Bristol office and an office move in Birmingham.
- Further investment in its IT systems with completion of its Practice Management System upgrade.
In August 2020 Bevan Brittan announced full repayment of furlough monies received by Government. In March it announced a pay-rise for all colleagues and a further thank you bonus, having postponed its September 2020 pay review due to the pandemic.
Managing Partner Duncan Weir said: “The strong partnership between our clients and colleagues over the past 12 months has been instrumental in our ability to successfully navigate a very challenging year. Against that backdrop, I am very proud of what our teams have delivered for our clients. We are a strong and growing business thanks to the breadth and diversity of our business and the way everyone has pulled together as one team during the past 12 months.
“In addition, our previous investment in our IT network and the fact we had already moved to an agile work structure also helped us when the pandemic struck. Almost all our colleagues were immediately able to work from home, with a core support team based within our offices, without any impact at all on the excellent service we were able to continue offering all of our clients.
“Our performance also shows the strength of the strategy we have put in place – growth across all markets is a reflection of our existing reputation in some markets and the growing profile we have in a number of emerging markets. That strategy continues to deliver and we plan for further growth.”
Senior Partner Jodie Sinclair, said: “It is a fantastic achievement by everyone across the firm to have delivered this very strong result during a year like no other.
“These results were delivered by the vast majority of our teams working remotely. It shows our widespread ability to adapt to changing circumstances as well as the commendable commitment and professionalism we can draw on from everyone at Bevan Brittan to ensure we can continue to deliver high quality service to our clients.
“A key consideration during this unprecedented year as we supported our clients was also our focus on supporting the wellbeing and resilience of our colleagues. This remains a fundamental part of our responsible business agenda.”