Bristol law firm Ashfords posts record results as it breaks £50m barrier
Law firm Ashfords has broken the £50m revenue barrier for the first time.
Revenues were strong across the firm’s service areas, with notable client wins including CCS Public Sector Legal Services Framework and reappointment to Pennon’s legal panel. Profits also increased by 10% to £19.9m.
The company has paid a seven per cent bonus to staff following the results.
The firm is part way through a five-year strategy focused on growing its core legal advisory work for commercial, real estate and private clients.
As part of that strategy, it has added a number of hires over the past year including Restructuring & Insolvency Partner Melissa George, Commercial Disputes Partner Tom Llewellyn, Tax Partner John Pindard and Banking & Finance Legal Director Anna Thompson.
Ashfords CEO, Louise Workman, said: "We have had another year of strong sustainable financial growth across the business advising our commercial, public sector and private wealth clients. Some really interesting projects and legal work sit behind that revenue growth including advising on 160 corporate deals to drive developments in area like AI, healthtech and battery development, providing a range of legal services to energy and resources projects, supporting landowners with diversification and advising on significant regeneration and real estate developments across the UK.
“We have a strong team, strong business and strong platform to accelerate the development of our business further in the future, grounded always in doing all we can to deliver an outstanding service for our clients."
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