September 8th, 2010
YORKSHIRE law firm Gordons has seen average profit per equity partner rise from £478,000 to £702,000 as the firm posted a slight increase in annual turnover.
The Bradford and Leeds-based firm increased turnover by 1.5% to £22m over the year to the end of April.
Gordons’ managing partner, Paul Ayre, said: “We are very pleased to have increased the firm’s revenue in light of the past year’s challenging market conditions. It speaks volumes about the resilience of Gordons and its potential.
“One of the main reasons for our continued growth is having a clear proposition that combines quality and value with a commitment to listening closely to what is important to clients and, critically, what is not.
“This approach has helped us win and retain work despite the tough economic climate. We believe it will continue to serve us well as we consolidate our position as the viable alternative to the 'Big Six' law firms operating in Yorkshire.”
The past financial year has seen Gordons further develop its corporate department with the appointment of former DLA Piper partner Andrew Morris and provide advice on the high profile Card Factory management buyout.
The firm also helped car retailer JCT600 expand its operations through acquisition and signed an exclusive three year contract for the provision of certain property-related legal services with Molson Coors Brewing Company (UK).
In addition, Gordons has promoted four of its partners to junior equity partner and employed all seven of the newly qualified solicitors following completion of their training contracts with the firm this year.
Gordons completed a major office move during the year by consolidating its two Bradford offices into one.
The firm is also celebrating a decade operating in Leeds.
Mr Ayre added: “We are determined to keep up the momentum achieved and have recently set out a new three year strategy for the firm which has challenging growth targets. We know that it will take a lot of hard work to accomplish the objectives we have set, but we are confident that we have the right offer for this market and the best people to deliver them.”
Gordons currently employs 250 people, 180 of which are fee earners.
Source: Business Desk