Award-winning law firm JMW Solicitors LLP has released its 2022-23 year-end figures, revealing a 12% increase in income on that of 2021-22.
Turnover grew from £66.6m to £74.3m against a target of £71.9m. The firm’s now strongly established London office saw revenue increase by 15% compared with the previous year.
During the last financial year, the majority of departments across the firm continued to increase their revenue, with Personal Injury and Court of Protection leading the way, their fee income growing by 23% and 28% respectively.
In addition, the billing for Lawshare, the unique way for law firms to get legal advice for their clients when they are unable to assist, grew by 17%. Lawshare now has some 720 member firms, an increase of 11% in the last year. JMW’s website and Lawshare together generated 29,000 leads and 4000 cases.
A key element to JMW’s success in the past year has been the carefully planned and executed change in the senior leadership team, now comprising Marc Yaffe, Managing Partner, Warren Martin, Senior Partner and Chris Sutton, CEO. This follows the retirement of Paul Walker as Managing Partner in October 2022 and Joy Kingsley as Senior Partner in April 2023.
Marc Yaffe said: “Our key focus is twofold: to provide excellent client service and to care for our people. Everyone has found the past financial year to be particularly challenging as they dealt with the ongoing cost-of-living crisis and a significant uplift in energy prices. We have made it our priority to look after our people and have delivered numerous initiatives from adopting a Real Living Wage policy to paying out a bonus, not just once but twice in the past financial year. We actively encouraged career development and internal promotions and have improved staff benefits and rewards for all. Our success is testament to the talent, dedication and sheer hard work of everyone in the firm and we the management team thank them for it.
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Notes to editors
JMW is an award-winning, full-service law firm established more than 40 years ago, renowned throughout the UK for its expertise in achieving positive outcomes for its clients, both businesses and individuals. The firm, and the people working within it, are recognised by the prestigious legal directories Legal 500 and Chambers and Partners. JMW has offices in Manchester, London and Liverpool.
For further information, please contact Gill Alexander, telephone 0161 527 5141, mobile 07435 858759, or email gill.alexander@jmw.co.uk