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Exceptional Half Year Results At JMW
Full service law firm JMW Solicitors LLP has announced that its revenue for the first 6 months of their financial year is up by 26%. This puts the firm well on course to achieve more than its £16 million target by year end.
Revenue for first 6 months of the financial year 2013 / 2014 was £7.98 million compared to £6.3 million last year, an increase of 26%. The merger with Goodman Harvey is responsible for 6% of the growth so like for like growth was still 20%. At the same time last year (October 2012) JMW declared a 16% increase in turnover and a 23% increase in profit on the similar period in 2011. However profit for the half year ending 31st October 2013, is up a staggering 133%.
All departments, apart from one, reported increased revenue with Corporate leading the way with a 102% increase, followed by Commercial Litigation with a 77% increase, then Commercial Property with a 64% increase, with Private Client having a 63% increase, Business Crime & Regulation have seen a 55% increase and Family with 30%. Personal Injury and Clinical Negligence remained the two largest revenue producers, accounting for 37.5% of revenue.
The firm’s Lawshare network which receives work from 120 North West solicitors were instructed on 46% more matters than 12 months ago and the JMW website became the largest introducer of new clients to the firm.
The month of October saw the highest ever number of new matters opened in the firm (717) and overall the number of new matters has increased by 15% despite changes in legislation affecting certain work types.
The firm was recently named as one of only four law firms in the Top 300 SMEs in the North West produced by North West Insider Magazine, whilst also moving up 15 places in The Lawyer Top 200 Law Firms.
Joy Kingsley, Senior Partner at JMW said:
“We continue to be very encouraged by the fact that it is possible to achieve results like these, in a market which has been very difficult for law firms. These exceptional results show that our strategy of providing a full service to our clients, entrepreneurial leadership and continuing recruitment of those who wish to bring their clients here, has been a very successful one for us.”
Bill Jones, Managing Partner at JMW said:
“JMW has doubled its revenue and profit over the last 5 years which stands out amongst our competitors. The Results are a credit to the great team we have at JMW and we hope and expect that the firm will continue to enjoy the results and recognition we are receiving at the moment.”
For more information:
0161 828 1981
07595 277 842
Note to editors
JMW Solicitors LLP is one of the leading Manchester law firms and offers a broad range of legal services to both commercial and private clients. We are committed to providing legal services in a cost effective and timely manner.