Revenue Up To £329.3m And Profit Up 13.4%

A new focused strategy ensured Irwin Mitchell continued its growth trajectory achieving record revenue and increased profit in FY25.

Financial highlights

The Group’s financial highlights for the year ending 30^th April 2025 include:

• Total revenue up 8.2% to £329.3m (FY24: £304.3m)
• Total profit before tax increased 13.4% to £24.6m (FY24: £21.7m) (NB. This is after all partners and colleagues have been paid and is not suitable for creating a PEP figure due to Irwin Mitchell’s corporate structure)
• The Group had a strong total cash position at year end of £69.2m (FY24: £58.8m) and remains debt free
• International revenue was up 50% to £16.2m (FY24: £10.8m) as a result of the firm’s membership of several influential global networks.

The end of year results show that Irwin Mitchell’s simplified core legal services offer has grown by c.25% over the past three years. This excludes volume personal injury and IM Asset Management which have now been sold.

During the year the firm also opened a new office in Nottingham and invested in Davidson Chalmers Stewart in Scotland through its investment in Wright, Johnston & Mackenzie. At the end of the financial year Irwin Mitchell sold its financial planning and asset management business to Shackleton Financial Advisers to focus on its core legal offering.  Irwin Mitchell also recently announced the acquisition of the specialist immigration team from Carter Thomas in June.

Supporting Clients

Irwin Mitchell improved its Net Promoter Score (NPS) from +63 to +67 and maintained its five-star Trustpilot score (the highest level), which is now based on more than 11,000 reviews to date. More clients are also using multiple services from the firm’s specialist teams.

All of the firm’s business units contributed to its growth in the year including Personal Injury, Medical Negligence, Business Services, Court of Protection and Public Law, with the Private Client Group in particular achieving 17.5% growth year-on-year.

• In Personal Injury, Irwin Mitchell has retained its membership of important legal panels and continues to work closely with a range of charities.

• The firm’s market-leading Medical Negligence team has seen growth across a number of group actions including national NHS maternity safety issues in Leeds and Nottingham.

• Irwin Mitchell’s business team is strong across the UK in employment law, real estate and planning, corporate and commercial and won bids in FY25 with major banks as well as nationally and internationally regarded brands.

• The firm’s Private Client team was named Estate Planning Team of the Year at the 2025 Probate Industry Awards and won a tender to provide a wills service for a major national cancer charity. The firm’s High Net Worth and International team is also growing and recently added Partner Stuart Crippin from Seddons. The firm was also highly ranked in the recent Chambers High Net Worth rankings.

• The Group’s Scottish businesses contributed revenue of c.£24m following the investment in Wright Johnston & Mackenzie, their recent acquisition of Davidson Chalmers Stewart, and the organic growth of Irwin Mitchell Scotland’s personal injury team.

Responsible Business

Irwin Mitchell also continued its focus on being a leading responsible business:

• Achieving Disability Confident Level 3 – the highest you can achieve
• Being recognised for its gender diversity as the only firm in the top 50 with a majority female partnership
• Making progress on its net-zero commitments with an 8% reduction in electricity consumption
• During FY25 the firm was also named in the Sunday Times Best Places to Work guide, being placed in the top 26 very large workplaces across all sectors nationally – the only law firm in the category.

Chief Executive Comments

Craig Marshall, Group chief executive at Irwin Mitchell, said: “FY25 was another strong year for Irwin Mitchell proving that our strategy is working and the market is responding. I would like to thank our clients for putting their trust in Irwin Mitchell to help with all of their legal needs; and I would like to thank all of our colleagues for their hard work and determination in having such a positive impact.

“We made several important decisions during the year, such as the sale of our asset management business, which simplifies our client service portfolio and allow us to invest more in our core legal services, our colleagues and technology, setting us up for future growth.

“We’re the market-leading complex personal injury and medical negligence firm, we have one of the largest and well-regarded private client teams in the UK and we’re committed to becoming the firm of choice for mid-market business services.”