Irwin Mitchell announces rise in turnover and profit
Law firm Irwin Mitchell, which has an office in Cambridge, has posted significant growth in its turnover and profit for the 2018-19 financial year.
Turnover for the group was up by nine per cent to £263.2 million (FY18 £242.8m) with profit rising by 76 per cent to £21.3m (FY18 £12.1m).
Irwin Mitchell recently opened a new Reading office taking the number of locations in the UK to 15; at the start of 2019 several non-lawyer directors from IT, HR, marketing and operations were added to the executive board.
This year the firm promoted eight people to partner with 90 associate and senior associate promotions: 43 per cent of partners are now female.
Group Chief executive Andrew Tucker said the results reflected how all teams across the group were working more closely together than ever before with clients increasingly using more than one service line.
He said: “We have successfully grown turnover for nine consecutive years and that is testament to the hard work and determination of all of our teams to deliver an excellent client service whether that is for businesses or individuals.”
Outside of legal services, Irwin Mitchell’s wider group companies Ascent (debt recovery for banks and SMEs) and IM Asset Management, which now has over £700m funds under management, continue to perform well and Irwin Mitchell also completes more than 2,000 tax returns each year through its tax advisory service.