Double-digit growth sees law firm celebrate record revenues

Law firm Flint Bishop is celebrating its strongest financial year in its history after posting double-digit revenue growth.

For the 12 months to 30 April, turnover at the firm climbed to £17.58 million, an increase of 16.6% on the previous year.

The current growth rate has seen the firm, which has an office in Derby, boost headcount by nearly 22.3%, with 47 new staff added since the start of the calendar year.

The firm’s commercial debt recovery practice was a standout performer in the results.

Its team size has increased significantly to meet the demands of several new high-profile client acquisitions in recent months.

Flint’s newly created commercial property and corporate finance teams saw the firm complete on over 50 transactions with a combined deal value in excess of £350 million.

Its fast-growing insurance litigation practice also had another stellar year, defending a number of multi-million-pound cases.

Chief executive Qamer Ghafoor said: “The pandemic has certainly been a wake-up call for many businesses.

“As a CEO, sometimes you need to take bold steps. The investment in technology, talent and implementation of various strategies across the firm has really proven successful.

“We are delighted by the continued growth of the firm and to have enjoyed yet another year of record financial results.

“The strong performance of the business is testament to the outstanding lawyers and support staff across all practice areas.

“As we commence our new financial year, we have already started to see significant growth across many of our teams and our focus on the recruitment of senior and experienced staff continues at a pace.

“As a firm we are positioning ourselves for significant further growth.”