Michelmores reports fifth consecutive year of growth
Michelmores LLP which has offices in Bristol, Exeter and London has reported a fifth consecutive year of growth as revenue nears £33m.
In the Firm's audited results for 2015/16, it posted a nine percent rise in revenue in its last financial year, from £30.0m to £32.9m. Net profits have increased by six percent from £5.7m to £6.3m.
The Firm's international work accounts for 10-15 percent of total revenue.
In May 2016, Michelmores’ London office relocated from Chancery Lane to larger premises at 6 New Street Square to accommodate its growing London team which has grown by 54 percent since May 2014. The move has provided a superior working environment to enable the Firm to continue to expand its presence in London.
The Firm's Bristol office based at Broad Quay, has also seen strong growth.
Key deals for Michelmores' Business Group included the sale of Aero Stanrew to TT Electronics as well as the Magic Seaweed sale to SurfStitch.
Recent real estate deals include the sale of New Scotland Yard to The Abu Dhabi Financial Group for £370m and acting on the site set-up and residential development at the former Television Centre at White City.
Meanwhile, the Firm's Private Wealth team acts for a growing number of individuals, landed estates and families in business in the UK and other jurisdictions.
Eight lawyers were made up to Partner in May 2016, bringing the Firm's partnership to 69. The total number of staff across Michelmores' three offices is now 462.
Michelmores' Managing Partner Malcolm Dickinson said:
"It has been another strong year for Michelmores, and whilst we continue to increase our client base in the South West, we are delighted to see the strong growth of our London and Bristol offices. This sees us competing with many of London's top firms in terms of expertise and quality of work, which is a key part of our growth strategy."