This was the second year of the Liverpool-based firm’s ‘strategic change’ programme being delivered by chief executive Robert White and managing partner Nik White. Tony McDonough reports
Liverpool law firm Brabners saw revenues edge up slightly from £33.1m to £33.6m in the year to April 30, 2019, with profits also rising during the 12-month period.
The practice, which has its headquarters at Liverpool’s Exchange Flags as well as offices in Manchester and Preston, said profit before members’ remuneration and profit shares increased by 5% to £11.1m.
This was the second year of the firm’s ‘strategic change’ programme being delivered by chief executive Robert White and managing partner Nik White. Commercial and operational investments totalled £1.8m during the year and continued more recently with the firm’s acquisition of fast-growing Manchester firm, HRC Law, which completed in July.
In the last financial year Brabners continued to diversify and supplemented its fee-earning team with additional expertise and new technology. This included boosting its business development, marketing and finance teams as well as recruiting eight new partners. The firm also made four internal promotions to partner.
Robert White said: “2018/19 was an important year for the firm and it was particularly rewarding to deliver a second year of positive profitable growth, while also implementing considerable investment within the business – investment that will sustain and build our growth momentum in the coming years.
“We have started the new financial year particularly strongly and while we are vigilant given the undoubted uncertainty in the market at present, we also remain hugely positive and well placed for whatever the future may bring.”
Brabners has been continuously practising law since 1815. The firm has nearly 400 colleagues including 71 partners. Nik White added: “With our new sector focus in place, and by continuously investing in our people, we are creating an environment for ambitious lawyers to thrive in tandem with outstanding business leaders and sector experts.
“That positive change is being recognised on both a national and regional level, with us recently ranking top in the Legal 500 table of North West law firms based on the number of rankings and recommendations for our firm and lawyers.”