Member Article

Record year for Weightmans

National law firm Weightmans LLP has achieved a record turnover of £87m for its 2013/2014 financial year.

The practice, which has offices in Liverpool, Manchester, Knutsford and nationwide, reported an increase of £5m on the previous year’s result of £82m.

Revenues grew by 6.6% across all business lines, with many practice areas exceeding annual targets.

Net profit increased by 2% to £24.1m and debt was reduced by 64% from £9.6m to £3.5m.

The full-year result follows a 7 per cent increase in revenue for the first six months of the last financial year (8 November 2013).

Weightmans elected commercial partner John Schorah as its new managing partner earlier this year, replacing longstanding chief Patrick Gaul, with Dan Cutts taking over from Ian Evans as senior partner.

Over the past year, the firm has enjoyed a period of rapid growth, including “realigning 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 a number of key appointments.

John Schorah 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.”

He 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.”

This was posted in Bdaily's Members' News section by Simon Malia .