Brabners delivers sixth consecutive year of growth supported by B Corp certification

Leading independent law firm Brabners has delivered a sixth consecutive year of purpose-led growth, with revenues up 15 per cent to £46.8m (2022: £40.5m) in its latest financial year ending 30th April 2023.

In a year of significant milestones, including achieving the firm’s B Corp certification, profit before members remuneration and profit shares also increased by 12 per cent to £15.7m (2022: £14.0m).

The latest results cover a continued period of investment, including its entry into the Yorkshire market in May 2022 and the opening of its Leeds office, which celebrated its first anniversary in November.

Building on its position as a purpose-led firm with a national reach, that is proudly anchored in the North, Brabners continues to support a raft of major regeneration investment projects, in keeping with the national focus on regional development, including Everton FC’s new stadium, Oldham’s £550m town centre regeneration project and the government-backed Eden Project Morecambe.

Major new instructions and panel appointments included supermarket chain Morrisons and Timpson, while its corporate team remained one of the most active dealmakers in the region, including its fast-growing specialism in advising businesses in relation to the establishment of employee ownership trusts (EOTs).

The firm also successfully concluded its representation of Coleen Rooney in the High Court before securing a positive outcome for former England cricket captain Michael Vaughan following the ECB’s investigation into institutional racism at Yorkshire County Cricket Club.

Since April, in keeping with its purpose-led approach, the firm has launched its ‘True North’ network – a group of change-making organisations from across the North – which followed the publication of its True North | Defining Northern Ambition report exploring practical solutions to the opportunities and challenges that exist within the regional economy.

As well as recently being recognised as the “Best Law Firm to Work For” in the UK by Best Companies, the firm has recently grown to over 500 colleagues, and its investment in the Kingsdale Head peatland restoration project in Yorkshire continues to signify its recognition as a sustainable business.

Robert White, CEO at Brabners, said: “We are incredibly proud to have delivered another set of strong financial results, which show the progress we have made in building a high performing purpose-led firm that is committed to demonstrating that business can bring about positive change.

“These results provide the platform for us to continue to invest in the future of our firm, with a focus on creating opportunities for our talented and ambitious team.

“Our certification as a B Corp and our recognition as ‘The Best Law Firm to Work For’ in the UK by Best Companies represent significant milestones in the firm’s more than 200-year history – recognising and formalising our commitment to valuing people, planet and profit as equal measures of success.

“As we head into 2024, with the launch of our True North network, we look forward to playing our part in co-creating a path towards greater prosperity and social impact from the heart of the Northern business community. While always being dedicated to making the difference for our clients, our people and the communities we serve.”

By Mark Adair – Correspondent, Bdaily

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