Revenues climb 24% at Leeds law firm Clarion
Leeds law firm Clarion is celebrating after seeing its annual revenues climb 24%.
The company turned over £14.52m in the 12 months to May 31 2018, up from £11.7m the year previous. Profits for the period rose by 13%.
The 24% uptick is more than double the industry average, which stands at around 10%.
Clarion continued to invest in its team over the course of the year, growing its staff count to 188, including 24 partners.
Roger Hutton, joint managing partner at Clarion, said: “It’s been another fantastic year for us with the firm successfully attracting talented lawyers and investing in developing our team as we win new mandates from large, national corporates as well as from entrepreneurial businesses across the North.
“We have established a law firm which resonates with these key audiences and, consequently, we are experiencing significant growth.”
He continued: “There’s no doubt that we’re also benefitting from Leeds’ vibrant legal community which is a stand-out sector and a real boost to the regional economy.
“Increasingly, we’re seeing blue chip firms looking beyond London for a more cost-effective option and Yorkshire is an obvious choice. The healthy competition here makes everyone perform better and enables us all to draw talent and work from the capital.”
To accommodate a growing team, Clarion plans to take another 5,000 sq ft on the second floor of its Elizabeth House premises on Queen Street.
Speaking further, Roger said: “While it’s fantastic to see such strong financial results, our focus remains on ensuring that Clarion is a great place to work, attracting the right people and supporting their growth with us will enable us to carry on providing the outstanding service our clients expect, and, as a result, the business will continue to flourish.”
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