Posted on 14.1.15
Award Winning North West law firm Gorvins Solicitors has announced a strong set of financial results for the year ending November 2014 with steady growth in fee income and increased head count.
The leading Stockport firm confirmed a 6 per cent increase in its turnover to almost £7 million. The three years to November 2014 have produced compound annual growth of 6% per year. Compound growth in profits has exceeded 10% in the same period.
The numbers reflect the growth strategy in a number of disciplines. Our Litigation department, lead by senior partner Mark Deverell, recorded an excellent twelve months, increasing fee income by almost 20% to more than £1.2million.
Residential Property also had an outstanding year, increasing fee income by almost 60% in a market where the number of completions in England in the six months to November grew by under 9% Source “UK Property Transaction Statistics” HMRC 23rd December 2014
The Firm retained Top tier Legal 500* rankings for Litigation and Commercial Property teams and the firm’s Corporate & Commercial and Wills, Trusts and Probate departments achieved impressive first time rankings in law firm league table Chambers and Partners.
Individuals within the Wills, Trusts and Probate team also took honours in prestigious national and regional award schemes for outstanding work in power of attorney and living with dementia education programmes.
Partner Christine Thornley was Highly Commended Solicitor of the Year in The Law Society Excellence Awards and Highly Commended Lawyer of the Year at the Modern Law Awards, whilst Associate Solicitor, Tasoula Crosby won Legal Professional of the Year at the Manchester Young Talent Awards.
21 new recruits took up roles across the firm, ranging from marketing support posts to key senior client-facing hires, including Employment Law specialist Ed Gregory who joined from Addleshaw Goddard and Peter Speight who was appointed to bolster the firm’s Insolvency team.
Residential Property saw the largest influx of recruits, nine people joining the team to continue the outstanding growth in workload.
Notable deals led by Gorvins Solicitors in the twelve month period included the sale of ACH Group Management Limited to Quindell PLC, A £10.8 million line of credit for bridging loan specialist Bridgebank Capital, and the 50 per cent sale of recruitment agency Matt Burton Group to SF Resourcing Limited.
Commenting on the impressive performance Managing Partner Lorraine Lockie said “Our year-on-year growth is testament to our staff and their dedication to putting clients at the heart of everything we do.
“We have been ahead of the curve in many areas, especially Conveyancing and Litigation, which is very pleasing and we will be looking to build on this throughout 2015.
“We shall continue our commitment to invest in the development of our existing people and to attract high calibre individuals to the firm allowing us to continue to give our clients the service they deserve.”