In August Liverpool law firm Weightmans reported record revenues of £145m and now LBN can reveal its partners will share a record bonus pot of £42.1m. Tony McDonough reports

Liverpool law firm Weightmans has rewarded its 246 partners with a £42.1m bonus pot after seeing annual revenues hit a record £145m.

Old Hall Street-based Weightmans revealed its turnover figure, 3.4% higher than the previous year, in August. Now the firm has filed its full accounts for the 12 months to March 31, 2025, on Companies House.

They show pre-tax profits of more than £43.5m as the business “continued to make great strides” in its ambition to become a top 30 UK law firm. It currently employs around 1,600 people at offices across the country.

Last year 231 partners shared a bonus pot of £40.3m. This is not shared equally and the highest paid partner this year has received £394,000. Weightmans also paid bonuses to its other staff and this has led to a decrease in net cash from £7m to £1m.

Following this successful year, Weightmans saw a change at the top of the business in April 2025 when Sarah Walton succeeded John Schorah as managing partner.

Her appointment as the firm’s first female managing partner coincided with the arrival of former Legal & General managing partner, Duncan Finch as a non-executive director.

When it announced its revenue figure in August Weightmans said its claims division (insurance and healthcare), as well as its regulatory teams, exceeded their gross profit targets. Private wealth was also a key driver of both revenue and profit growth.

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And HR Rely, the firm’s fixed-fee outsourced HR and employment law service, surpassed all revenue, sales, and profit targets.

Sarah said: “In a tough economic environment, we’ve sustained growth and maintained our momentum, which is impressive following on from the exceptional performance we achieved in our previous financial year.”