JMW Solicitors LLP has welcomed an “impressive” 36% rise in revenue in the half-year ended 31 October 2021.
Revenue from May to October hit £32.5m, up by £8.5m against October 2020. In light of this, the legal firm said it is now on track to “far exceed” its target for 2021/22 of £61m, and is instead likely to reach £65m in revenue.
Its London office, which only opened in May 2019, will reportedly welcome £15m of fees while its Manchester office revenue is expected to rise to £50m, all based on the half-year performance.
The firm currently employs over 600 people across its two offices in Manchester, London and has a small satellite Family Law office in Liverpool.
Both its London and Manchester offices cover most legal disciplines and it says the “strengths of departments working together has nowhere been greater than the family law department”.
JMW’s family team saw revenue rise by 32%, and is now on target to bill in excess of £8m this financial year, having billed £4.1m in the half-year period.
Other departments that have also seen fee income increases include; Court of Protection 148%, Real Estate Finance 90%, Corporate 69%, Real Estate Residential 65%, Restructuring & Insolvency 63% and Real Estate Commercial 33%.
Joy Kingsley, senior partner at JMW said: “We are delighted that we continue to grow our revenue. Our 6-month financial results show that our strategy of providing a full service to our clients and the continuation of lateral hires of those individuals who wish to bring their clients to JMW, has been very successful for us.
“We have enjoyed substantial growth over recent years and the success we continue to enjoy is achieved by the hard work of all our Partners and staff.”
He added: “The pandemic has been a difficult time for all but after a good year last year despite early problems, this half year has been even better than predicted. We have welcomed our staff back to our offices and they now work in an agreed hybrid model.”