"Nothing is off the table" for Durham law firm as reorganisation and expansion plans revealed
A Durham law firm has announced plans to restructure ahead of implementing its “ambitious” expansion plans.
Swinburne Maddison, based in Durham city, is reorganising its management team ahead of a three year growth strategy, which will see the firm explore possible mergers, acquisitions and new hires.
The company said that these steps come in response to a high level of demand for its services.
Swinburne Maddison reported a year-on-year increase in fee income of 9.8 per cent in 2020, plus a rise in net profits of 24.6 per cent.
Jonathan Moreland, managing partner, commented: “Swinburne Maddison has achieved year-on-year growth for the past 10 years and I strongly believe that one of the main reasons for this is that we are a firm which isn’t afraid to regularly implement big changes and push forward with our plans rather than resting on our laurels.
“Throughout our past expansion, we have continued to invest in and grow our team, won several awards, including the Northern Law Awards ‘Law Firm of the Year (6+ partners)’ award in 2017, and many of our lawyers regularly receive citations in The Legal 500 directory for their outstanding work.
“The purpose of this reorganisation is to streamline the decision-making process and become more outcomes-focused in our bid to increase turnover, achieve greater profitability and expand our team.”
Martyn Tennant, partner and head of the corporate and commercial team, said: “We are enjoying a high level of demand across our entire service portfolio and we do not see this diminishing.
“We already represent plcs with multi-million-pound turnovers as well as leading registered providers of social housing and local authorities – in the North East and beyond – with private individuals and a large portfolio of SMEs occupying the space in between.
“We are also very proud to count Durham Cathedral amongst our longstanding clients, so we are well placed to provide advice for a wide range of businesses across the region.
“As we move forward, nothing is off the table. However, the development and retention of our existing talented and enthusiastic staff remains our number one priority.
“We have some fantastic young lawyers in our team and, for those who stay and grow with us, there will be exciting opportunities in the years ahead.”
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