East Mids law firm records 12% increase in turnover since start of pandemic
Added by Love Business East Midlands | 5 September 2022
UPDATED: 7 September 2022
Law firm Howes Percival has recorded a 12% increase in turnover since the start of 2020, with profits per equity partner also up 12% over the same period, according to its latest annual results.
The firm, which is celebrating 25 years in Leicester this year and also has an office in Northampton, has seen turnover increase from £23.4m before the pandemic, to £26.3m this year and market share increase across all of its UK offices.
The last 12 months have also seen Howes Percival invest in a nationwide expansion programme, with close to 100 new recruits appointed in that period.
Howes Percival's Leicester office opened in July 1997 on New Walk with a team of just six lawyers. Today, over 60 of the firm's staff are employed at its Meridian Business Park office, providing the full range of corporate and family law services.
The firm has had a presence in Northampton since 1790. In 2016, Howes Percival moved to new, bigger premises at Rushmills, where it now employs 70 staff. In May this year, Hannah Pryce and Alexandra Kirkwood were promoted to partner.
Howes Percival Chairperson and Leicester partner, Geraint Davies said,
"We are absolutely delighted with the way the firm has performed over the last couple of years. Like everyone, we experienced the shock waves when the pandemic struck, but we were able to adapt quickly to the new ways of working to support our clients and take advantage of the opportunities that emerged in certain sectors. We've seen very strong growth in core areas such as corporate and commercial, property, litigation, employment law and private client services.
"The pandemic presented a unique set of challenges, but the firm responded strongly. We made a conscious decision to carry on investing in people and technology during the pandemic, to ensure that we were in the best possible position when we came out the other side, and that is now paying dividends. We are seeing the momentum carry on and anticipate further double-digit growth in this financial year too, as a result.
"When it comes to marking 25 years of Howes Percival in Leicester, we wanted to shine a spotlight on what makes it a fantastic city to live, work and do business in. We saw this as an opportunity, not only to recognise our Leicester office's achievements, but to give back something meaningful to the community. Our people have been integral to planning the celebrations and the whole office has come together in a true team effort to support the events taking place throughout the year."
For more information on Howes Percival visit: https://www.howespercival.com/
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