Record turnover at Weightmans as the firm sees 22% growth

Total income increased by 22% to £125.9m, 11% of that organic. Net profit also increased by 12.5% from £11.3m to £12.7m in the 12-month period. Net cash also improved over the period.

The firm recorded an increase in revenue across all key client markets, with standout increases seen in services to private clients (67%) as well as 48% growth in its health sector, a 32% increase in work for corporate clients and 24% growth in services to public bodies.

It was a similarly positive story within the firm’s practice areas, with 100% growth in regulatory work, employment, pensions and immigration growing by 33%. Commercial litigation and speciality also grew by a third.

In a year where 22 were promoted to Partner or Legal Director, Weightmans invested heavily in its people and places as it was awarded Top Employer status for the sixteenth time with a top 10 ranking. Staff engagement surveys results were recorded as above third-party industry benchmarks and the firm welcomed its second cohort of solicitor degree and graduate apprentices.

Weightmans’ Innovation Team combined with the Product Team to form an ambitious new department with Director Stuart Whittle taking up a new role of Chief Innovation and Technology Officer and Catriona Wolfenden becoming Director of Product and Innovation. So far, the firm has won over £10m of work where innovation and technology has been a key differentiator.  

The firm continued to focus on its role as a responsible employer and business, embedding key components of ESG into its everyday working and championing initiatives linked to social mobility, inclusive workplaces and environmental impact. It has also recently relocated its Birmingham operations to a new site at 103 Colmore Row, one of the most sustainable office spaces in the region.

Weightmans has started the new financial year with the appointment of new Client Relationships Director Sarah Walton to the Board. Sarah was previously Partner and Head of the firm’s Corporates offering before joining the Board on 1 May.  

Managing Partner John Schorah said:

“This has been another very positive year for Weightmans with sustainable growth for the business . We are reassured by the figures, but more importantly how our people have responded to this challenging economic climate. The prospects for this year look really encouraging as well.   

“Our merger with RadcliffesLeBrasseur, the integration of teams and embedding of new technology has been a great success and this is a testament to the support and hard work of colleagues from across the business. We have introduced a number of award-winning products to the market and welcomed a raft of new talent to the firm as we continue to see the possibility in all that we do, in order to delight and inspire our clients and our people.”