The practice says fee income rose 13% to £33.1m in the year to April 2018 with profit up 11% to £10.6m and profit per equity partner 13% higher at £172,000. Tony McDonough reports
Liverpool law firm Brabners enjoyed a significant surge in both fee income and profit in the year to April 2018.
The practice, which also has offices in Manchester and Preston, says fee income rose 13% to £33.1m during the 12-month period with profit up 11% to £10.6m and profit per equity partner 13% higher at £172,000.
Brabners saw growth in all areas of its business including corporate and commercial, property, litigation, employment and those areas focused on providing services to private individuals.
Last year saw the implementation of a three-year growth strategy leading up to the appointment of new chief executive, Robert White, and new managing partner, Nik White. It has appointed a further 12 partners.
Recent appointments have included Paul Firth as head of property and commercial litigation partner Phil Sheard and his team, who joined from Hill Dickinson.
Robert White said: “2018 was a really important and successful year for the firm where we embarked on the implementation of our new three-year strategy.
“That strategy is based on unlocking the true potential of the firm, from a position of real strength, and then investing in our client relationships, our people and our technology and systems to deliver long term sustainable growth, in the broadest sense.
“We made a great start in 2018 and have continued in that vein since then, thanks in no small part to a renewed sector-led approach and a raft of strategic additions that are helping to shape our business and our culture.”
Brabners dates back 1815. The firm has more than 375 staff including 67 partners with its Liverpool headquarters based at Exchange Flags.