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The Rise and Rise of JMW
Spinningfields based law firm JMW Solicitors LLP is celebrating after excellent year end results.
Income at the firm is up by 20% from £11 million to £13.2 million and profit by 35%. This is even more impressive when looked at in the context of the firm’s performance over the recession. From 2008 to 2012 fee income has grown from £8 million to £13.2 million, a total rise of 80% with the largest rise in fee income being in the current year. All growth has been organic and not through a merger. The growth was seen in all work types with Employment leading the way with a growth in fee income of 229%, followed by Family whose income grew by 69%.
The commercial departments also outperformed the market with Corporate Recovery growth at 32% and both Commercial Property and Commercial Litigation showing 14% rises.
The firm’s largest department, Personal Injury enjoyed a 24% rise in fee income, while Private client grew by 12%. The most profitable department was Clinical Negligence run by much praised Partner Eddie Jones.
JMW has undergone an impressive expansion plan which commenced with the hire of former Pannone Managing Partner Joy Kingsley in September 2010 and included further ex- Pannone Partners, Ian Tranter, Beth Wilkins and Catherine Jones. Chris Moss joined as Head of Corporate from Pinsent Masons and the firm was also joined by Partners Mark Davies (Insolvency) from DWF and Carl Moran (Employment) from Nexus.
In all 25 extra fee earners have been employed and the firm has enjoyed an upsurge in new clients in both the Business and Private client areas. In total new clients at the firm in the last year increased by 28% and included several impressive client wins such as Kellogg’s, Hargreaves plc, Chill Factore, Ascribe, homes4u and Amaze plc.
The firm has also seen a surge of 106% in recommendations of new clients by existing clients and an increase in web instructions of 77%. Referrals by solicitors to the new solicitors referral network Lawshare increased by an incredible 500%.
Commenting on the firm’s excellent year JMW’s Managing Partner Bill Jones said,
“JMW is an entrepreneurial law firm and the action we have taken to adapt to the changing legal landscape is the reason for our current success. We have many different projects which have enabled us to perform considerably better than the market and we are looking forward to meeting the challenges of the next year.”
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.