Yorkshire investment boosts law firm fees

Law firm Addleshaw Goddard has boosted its fee income by 5 per cent to £202m, after investing heavily in both its Yorkshire and Manchester based sites.
John Joyce of  Addleshaw Goddard.John Joyce of  Addleshaw Goddard.
John Joyce of Addleshaw Goddard.

A number of successful appointments and reappointments - including wind turbine manufacturers Siemens among others - saw the firm post a 20 per cent increase in distributable profits.

Over the last 12 months the firm confirmed that it continues to invest extensively in both Leeds and Manchester, with a planned move to 3 Sovereign Square, Leeds scheduled for late 2016.

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It also developed its partner capability with 25 partner appointments, including three in the international network.

New appointments and reappointments included the National Grid, Dixons Carphone, British Land, Tata Chemicals, Serco and the Care Quality Commission - the independent regulator of health and social care in England.

John Joyce, managing partner said: “Following on from a 12 per cent increase in income in 14/15, we are very pleased to have been able to deliver a further increase in both profits and income. Two years ago we set out a plan to improve business focus, performance and returns and are making good year-on- year progress, underpinned by some especially strong returns from our transactional and international teams.

“There will now inevitably be an extended period of uncertainty as a result of the EU referendum and other macro economic issues. We have seen that reflected in confidence and transactional activity since the start of this year and are thankful that a lot of the measures we have taken over the last two years leave the firm not only in an incredibly strong position but also very well positioned with an improved platform, client portfolio and sector focus.”