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National law firm Ashfords has closed another successful year with turnover rising to £40.6m representing an increase of 12.7% from the prior year with substantial growth across the firm's six offices.
The firm's turnover has now risen 69% over the last five years which saw Ashfords invest in its offices doubling space in Bristol, refurbishing Exeter, Plymouth, Taunton and Tiverton offices and moving to new premises in London. During this time the firm has also expanded its complementary non-legal business areas including launching its own patent and trademark agency, setting up its health and safety compliance offering, undertaking a number of investments in external companies, and launching its innovative regulatory platform, Business Regulatory Solutions (BRS), developed in partnership with the Chartered Trading Standards Institute. The success of the firm over the last year also saw the firm's employees receive a 4% bonus.
Garry Mackay, CEO of Ashfords, commented: “2016-2017 was another great year for the firm. The firm is seeing rapid growth in what is a highly competitive market. Ensuing that our focus is and remains at all times on providing our clients with top quality service and pragmatic solutions is at the heart of our success. In addition we have significantly increased our internal investment on our people both in terms of rewards they receive and the training and career development they want. This is just the beginning of where we want and intend to be.”
Ashfords is proud to have again been named as one of the Best Employers in the Legal Week Best Employers Report 2017, which recognises the firm's continued investment and commitment to its people. This year has also seen the firm welcome a number of key lateral hires reinforcing the firm's position as a leader in the legal market, including Zoe Porter as Partner and Head of the firm's Family Team; Vanessa James, Legal Director in the Commercial and Technology Team; and Andy Braithwaite, Partner and head of the firm's Commercial Team.
Philip Strange, CFO, commented: "It is important we acknowledge that our success is to a large extent predicated around our clients continued successes and our strategy remains focussed on delivering the insightful and commercial solutions our clients deserve and expect."