Gateley’s annual earnings soar 28pc

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COMMERCIAL law firm Gateley, which floated on AIM in June, said annual earnings rose 28 per cent to £11.3m after it advised on more than 250 corporate deals with an aggregate value of over £1.5bn.

Gateley, which ​​aims​ to double the size of its Leeds operation, said full year revenue rose 11.5 per cent to £60.9m. Its IPO raised £30m in June 2015.

Nigel Payne, chairman of Gateley, said: “In an evolving and still challenging legal marketplace, the group has delivered a pleasing set of results for the year ended April 30 2015 which provide a solid platform for the business as we embark upon delivering on our goals and objectives as a plc.

“The board is focused on ensuring that Gateley is ideally positioned to maximise the opportunities from the changing marketplace in which we operate as well as from our new and more flexible plc status.”