Further Growth Predicted As Investment To Continue

Leading national law firm Irwin Mitchell announces another year of growth with further investment planned in the business to drive forward its strategic plans.

Revealing the Group’s financial performance for the 2013/14 financial year, the firm reported that income had risen by 1.2% to £202.7m, building on the previous financial year when income exceeded the £200m mark for the first time (12/13: £200.3m).

Growth in income was seen in a number of areas across the Group, including its expanding Business Legal Services division, multi-track Personal Injury (PI) and in Group companies including Irwin Mitchell Asset Management Ltd (IMAML) and debt legal services firm Ascent, offsetting the impact of law reform in its Motor team and some PI areas as medium-term plans to grow the overall business progressed.

Profit before tax fell in the year to £17.1m (12/13: £18.7m) due to continued investment including the opening of the first of two new regional offices in Southampton, with a second opening in Cambridge after the end of the financial year; in a high-level recruitment campaign which saw 26 Partner-level lateral hires in 2013/14; and in a multi-media marketing campaign.