Irwin Mitchell notches eighth successive year of growth
Law firm Irwin Mitchell, which has offices in Cambridge’s Hills Road, has posted turnover growth for the eighth successive year to £241.8 million for 2017-18 – a rise of 53 per cent over that timeframe and growth of three per cent year-on year.
Profit before tax of £12.1m was similar to the previous year despite a strong trading performance across the group, due to a number of one-off costs designed to position the business more strongly for the future.
As well as a market-leading personal injury division, Irwin Mitchell has seen growth in its Private Wealth division which was launched just 18 months ago and was named as a top tier firm in the eprivateclient rankings.
The law firm’s Business Legal Services division also continues to grow and was named in the top 10 most active UK M & A legal advisers in 2017 by Experian.
Outside of legal services, Irwin Mitchell’s group companies Ascent (debt collection for banks and SMEs) and IM Asset Management, which has over £600m funds under management, continue to perform well and Irwin Mitchell has also completed more than 2,000 tax returns through its tax advisory service.
The firm performs strongly on diversity figures with its partner and associate cohort now 54 per cent female and Irwin Mitchell was one of the first firms to include full data for partner pay as part of its gender pay gap figures which were lower than the national average and the legal sector average.
Andrew Tucker (pictured), group chief executive at Irwin Mitchell said: “Our trading performance in the past year was very strong and we’re increasingly seeing all parts of our business working together to deliver the services our clients truly value whether that is related to business or their personal lives.
“More and more of our clients are using multiple services with us as they recognise that it makes sense to simplify their range of advisers. We are also investing more than ever in ensuring our people are well looked after and have the resources available to meet our clients’ needs.”