Gordons, a prominent law firm, has revealed a notable financial growth.
- The Leeds-based firm reported a 14% increase in net profit, reaching £12.1 million.
- Annual revenue also rose by 6%, totalling £22.3 million for the year.
- Profit-sharing initiatives benefited employees, reflecting the firm’s successful year.
- Strategic client acquisitions and service expansions contributed to these results.
Leeds law firm Gordons has announced a substantial 14% jump in net profit for the fiscal year ending March 2024, amounting to £12.1 million. This impressive performance is part of a broader trend that includes a 6% increase in total annual revenue, which reached £22.3 million.
The firm’s ability to distribute a bonus equal to 5% of the annual salary to its employees underscores its financial health and commitment to sharing success with its team. Gordons attributes this success to expanding its service offerings to existing clients and capturing new clients, including major names such as Houseful, Zoopla’s parent company.
A major contributor to Gordons’ financial success was its corporate and commercial department, which experienced a remarkable 20% increase in revenue. The employment practice also grew by 14%, demonstrating robust performance across different practices within the firm.
Gordons’ client portfolio boasts significant names, including AO, Iceland Foods, Morrisons, Ocado Retail, Wren Kitchens, Molson Coors, and Evri. Such high-profile clients are a testament to the firm’s strong reputation and effectiveness in handling complex legal needs.
The firm also celebrated notable internal advancements, promoting Catherine Woodward, a litigation lawyer and head of wellness and inclusion, and Simon Tingle, the head of regulatory, to partnership roles. These promotions reflect Gordons’ dedication to recognising and advancing talent within the firm.
Beyond business achievements, Gordons has actively supported various charitable initiatives, including Bowel Cancer UK, Elliot’s Footprint, and Bradford Cinderella Club. This commitment highlights the firm’s involvement in community welfare alongside its commercial pursuits.
Managing Partner Victoria Davey remarked, “Our continued success is based on building trusted and enduring client relationships underpinned by strong financial management.” Her statement articulates the strategic vision that has set Gordons apart in a competitive legal landscape.
Gordons’ remarkable growth over the past year reflects its strategic initiatives and commitment to both clients and community.
