Profits rise at Napthens
Lancashire-based law firm Napthens has reported a 25 per cent rise in profits as its fee income grew four per cent last year to more than £14m.
Its latest results also reveal that the firm’s corporate department advised on deals with a total value of around £150m, with its real estate team handling some £130m of transactions.
The firm’s wealth management arm saw a major increase in assets under management to £100m.
And there was double-digit growth for Napthens’ corporate, employment and litigation departments.
Chief executive Shru Morris said: “We’re delighted to build on our strong growth over the last few years, and our results demonstrate that Napthens is one of the North West’s leading full service law firms.
“We have focused on organic growth, recruitment of key individuals and acting for the best clients in the region. This continues to generate impressive results across all key service areas.
Our strategy for growth over the year ahead is to invest in the right calibre of people.
“This past year saw our largest ever trainee intake, further growth in our specialist commercial contracts team and new partners.”
She added: “Our strategy for growth over the year ahead is to invest in the right calibre of people across our six offices and across our personal and commercial legal services and invest in technology to continually strengthen our offering.”
Investment in growth has continued during the early stages of the current financial year, with the recruitment of new IT director Gary Alman, from London firm Ashursts, and the acquisition of ATG Health & Safety Consultants last month.
Shru said: “Merseyside is an important part of our growth story and we are actively looking to recruit more lawyers to the team to service our growing client base in the area.
“Our strategy has always been to attract the best people to provide excellent advice and a trusted client service. We are committed to investing in our people’s careers and to adopting a flexible and agile approach to recruitment.”