July 28, 2017: The law firm Bevan Brittan has reported a strong financial performance in 2016/17 - with steady growth for the fifth year in succession.
Key financial results were:
- Turnover in the year: £39.2 million (2016 - £37.5 million)
- Gross profit: £26.2 million (2016 - £24.6 million)
- Net profit: £8 million (2016 - £7 million)
Bevan Brittan, Managing Partner, Duncan Weir said:
“By continuing to deliver sustainable growth and profitability, our year end results reflect what has been a confident and successful year for the firm. We have a sound financial platform to further deliver excellent client service in the year ahead.”
“Bevan Brittan is benefiting from a clear strategy to broaden our markets and range of clients, to continue to invest in our teams, new hires and new technology and the opening of our Leeds office.
Bevan Brittan has a strong public sector footprint, partnering a significant number of local authorities and NHS bodies across England and Wales, plus a growing Housing Association practice and now works with over 100 businesses. The private sector now represents 23 percent of total revenues.
Other developments in the year were:
- The reappointment to NHS Resolution and Places for People's PFP Procurement Hub, appointed to advise on the Birmingham Smithfield regeneration scheme and acting for A Shade Greener and Hornbeam Park
- Bevan Brittan was named ‘Legal Advisor of the Year (Public)’ and ‘Legal Advisor of the Year Transactional (Public)’ at the HealthInvestor Awards 2017 – that recognise ‘excellence and achievement in the business of healthcare’
- The jobs of 90 administrative staff working on contract at Bevan Brittan’s four UK offices were brought in-house, and they are now employed directly by the firm
- The number of partners increased to 58 – with four external hires and two internal promotions
- 11 graduate trainees joined the firm – its highest intake since 2009. In addition, nine school leavers joined as apprentices, who are now working towards becoming Chartered Legal Executives
Bevan Brittan, Senior Partner, Joanne Easterbrook, added:
“Strategically to achieve sustainable growth it is so important we invest in our future talent which is why we have increased our number of trainees and apprenticeships in 2016/17. I was particularly pleased that our two new partner promotions, Laura Brealey and Nathan Bradberry, joined us as trainees."