Firm says its financial strength will see it continue investing for growth to become a legal force for the North.
Brabners LLP, the leading North West law firm, said demand for its services was driving double digit growth in the current financial year, after the firm advised on a number of high profile projects.
The firm said that like-for-like revenues in its last financial year grew to £29.2m (2016: £28.6m) and fee income had grown in the last nine months, with strong momentum across all of its core service areas. Total profit in the last financial year also grew to £9.6m (2016: £9.4m).
With net assets of £11.0m, the firm said its financial strength would enable it to continue investing in talent and clients to support its vision of being the leading independent, regional legal practice.
Its teams have led a number of major deals in recent months, including advising technology company Gas Tag in securing private equity investment from Waterland Private Equity, the first completed by Waterland’s UK team, and advising Peel Land and Property on its agreement with Everton Football Club to lease land for its proposed new stadium at Bramley Moore Dock, Liverpool Waters.
The firm also announced that Nik White has been appointed Managing Partner with effect from 1st May later this year. A member of Brabners’ management board, Nik qualified with the firm in 1997 and is head of its Commercial department. He will replace Mark Brandwood who has served in the role for nine years and will continue as a corporate partner and head of the Corporate department in the firm’s Manchester office.
Mr Brandwood said: “We’ve built excellent momentum across the entire firm over the last 18 months. This means we can continue to invest in expanding our capabilities for the benefit of our clients, underpinned by exceptional talent, service and technology.”
He added: “We’ve spent the last year developing some of the best specialist legal and sector teams right here in the North West. Looking ahead to 2018, we’re ideally placed to help guide clients through their complex legal challenges, supporting them in realising their ambitions by capitalising on opportunities for growth and development. Nik has played a key role in helping to shape our identity and culture and I know I’m passing the mantle on to a talented leader who will continue to guide the business forward, building on what has already been achieved.”
Speaking about his appointment, Nik White added: “This is a hugely exciting time for the firm and our people. The North West region has incredible potential, full of talent, innovation and determination to succeed. As one of the region’s leading law firms, we’re keen to play our part in helping to fulfill that potential. I am passionate about supporting our people and clients and am really looking forward to leading Brabners and driving the firm’s success.”