Law firm Ward Hadaway hails record results
A law firm has hailed “really strong foundations on which to build” after posting record results.
Ward Hadaway saw annual revenue rise seven per cent to £48 million.
Bosses say the increase marks a “significant milestone in the firm’s history”, revealing it leaves the Leeds, Manchester and Newcastle-based business well placed to hit a £100 million turnover target by 2034.
Profit remained steady at £17.24 million.
Celebrating the firm’s results, which cover the year to April 30, 2024, managing partner Steven Petrie said it had benefited from “strong growth” in a “wide cross-section of service areas” across its Yorkshire, North West and North East bases.
He said: “These financial results represent a really strong foundation on which to build, as we strive to realise our ambitious long-term growth plans, remaining independent and increasing our turnover by over 50 per cent in the next five years and achieving £100 million by 2034.
“It's really encouraging to see the positive impact our investments are having on our business.”
He added the firm’s progress has been boosted by a number of appointments, which have taken its total headcount to more than 500.
They include Nick Gholkar, who joined as an executive partner in its Newcastle office, who is working alongside Emma Digby and Liz Bottrill in Ward Hadaway’s Leeds and Manchester bases.
The firm also added eight partners in 2024 and appointed 14 trainee solicitors and a solicitor apprentice.
Steven added: “Our people are fundamental to our success.
“We are well-positioned to build on what we have already achieved, and to deliver on our ambitious growth objectives.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Business success starts with people investment
It's time to confront the digital poverty crisis
Why a business exit is no longer all or nothing
Culture is the foundation for sustainable growth
Business must help young people take root in work
Purposeful procurement for long-term growth
Time to rethink outdated views on apprenticeships
The scale-ups rocketing through our fast world
Care about the experience, not just the outcome
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis