UK law firm Ashfords has again announced strong financial results for 2024/25 with revenue up 11% to £61m as it kicks off a new five-strategy targeting revenue of £100m.
Developed in consultation with the firm’s 500 staff, the new strategy builds on three years of sustainable growth at the firm, with revenue up by over 25% in that period; triggering a 7% firm-wide bonus each year.
Ashfords CEO, Louise Workman, who is in year two of her second four-year term, says: “We’re proud of what we have delivered over the last five years, but now see an even greater opportunity for further growth, particularly in areas where we can build further our support for clients across the UK and internationally.
“Our people are central to delivering the new strategy and delivering for our clients. That means, a renewed emphasis on investing in them – this includes enhancing our learning programmes to support high performance and ensuring that we can be the best place possible to work.
“Growth for us isn’t just about scale; it’s about growing in a way that strengthens our culture. We won’t be mandating a full-time return to the office, instead we’ll continue to embrace hybrid working. Our teams have demonstrated that having flexibility works, allowing us to strengthen our culture, and still foster meaningful connection within teams.”
The firm isn’t ruling out opening new offices or selective M&A, but says it will accelerate investment in its real estate, commercial, and private wealth teams across its four UK offices, with a particular focus on London, as well as increasing its cross-border work by forming more referral partnerships with US and EU law firms and greater investment in technology.
Covering the period 2025 – 2030, the strategy outlines four key objectives underpinned by the firm’s core values of teamwork, openness, growth and make a difference, namely:
Ashfords has also attracted a number of new partners choosing to make the firm their home, including most recently real estate partner Rhiannon Morgan-Williams from Simmons & Simmons, tech, data, AI and cyber partner David Varney from Burges Salmon, banking and finance partner Deborah Rowntree from Bevan Brittan, public sector partner James Falle from Temple Bright and venture and capital growth partner Sam Brown from EY.
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Ashfords is a valued legal partner to a wide range of corporate, public sector and private clients across the UK and internationally, counted on by clients to get the right result - whether that’s delivering commercial objectives, protecting family assets, making investments or solving disputes. With four UK offices in Exeter, Bristol, London and Plymouth and an international network, the firm draws on legal expertise from over 70 countries worldwide. |
