Weightmans announces record turnover boosted by Scottish growth
UK law firm Weightmans has announced a record turnover of £83.2 million for the 2014/15 financial year, an increase of £2.2 million on the previous year’s result.
The company enjoyed a “positive year of growth and development”, buoyed by the doubling in size of its Scottish team, which it facilitated by relocating its Glasgow office to larger premises at James Sellars House on 144 George Street.
New partners and team members joined the firm’s Scots operations to focus on real estate, insurance, and employment specialisms, and client demand for services in Scotland suggests that “growth will continue apace over the next 12 months”.
The firm has worked to restrict its reliance on external borrowing and claims to have relatively low levels of debt in comparison to peers and in relation to both profit and turnover.
John Schorah, managing partner at Weightmans, said: “This has been another positive year of growth and development for the firm.
“The figures demonstrate our firm-wide commitment to providing a truly authentic exceptional client service is paying dividends.
“The growth of our client base is testament to the value we place on our client relationships, and the emphasis this has on our overall business strategy.
“I would like to thank everyone at Weightmans for their efforts and our clients for their continued support.”
Last September, Mr Schorah said: “ growing our business in Scotland organically, bringing together a team of experts from within the region in a focused way, and not as a consequence of any business acquisition”.
Other highlights for Weightmans over the past 12 months include achieving record rankings of 112 specialisms and 169 individual rankings across Legal 500 and Chambers UK Directories, and the inclusion in the Guardian’s Top Employer list for the eighth year running.
Mr Schorah added: “We have an exciting year ahead with further plans to grow and expand, and over this financial year we will continue to invest in our business, improving our processes and procedures for our clients and our people.
“We will build on some of the exciting developments of the previous year that have strengthened our brand, holding us in great stead for the forthcoming year and beyond.”