Law firm hails 'winning formula' as profit rises

A law firm has hailed its relationship-building “winning formula” after notching a fifth year of consecutive financial growth.

Gordons saw net profit rise nine per cent to £13.2 million in the year to March 31, with annual revenues seven per cent better off at £23.8 million.

Bosses say the results mean the Leeds-headquartered operator has now achieved half a decade of successive growth, with net profit and turnover rising by 60 and 32 per cent respectively since 2020.

They add the increases were driven by “trusted relationships”, which helped secure additional instructions from established clients, and new business in the retail and technology sectors.  

Victoria Davey, managing partner, said: “Our financial performance is a direct result of the strength and depth of the trusted relationships we build with our clients.

“These relationships, along with our distinctive values and entrepreneurial culture, provide the foundations for our ongoing growth. 

“It is a winning formula that continues to drive further success for the firm and our clients, as evidenced by our positive start to the first half of this financial year.”

Employing 170 staff, Gordons operates a second office in Bradford, and works with clients including AO, Iceland Foods, Morrisons, Wren Kitchens and Evri.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →