A leading Northern law firm has announced its 2022-23 financial results, revealing another consistently strong performance.
Ward Hadaway, which has offices in Leeds, Manchester and Newcastle, announced revenue for the financial year of over £45m. It marks its eighth consecutive year of growth, during which time it has grown by more than a third.
Following significant investments in the Leeds and Manchester regions in recent years and expansion of its legal services, the firm experienced significant growth across its Yorkshire and North West teams. This progress aligns with the firm's strategic objectives to operate substantial offices in those areas as well as the North East and reflects its commitment to consistent support across all areas of the business.
The firm's managing partner, Martin Hulls, said: "I am delighted with the consistent turnover growth we have achieved over the last eight years. During a time of unprecedented economic and societal turbulence, of a significantly rising cost base, of micro- and macro-economic headwinds both internationally and at home, we have demonstrated the benefit of being committed, consistent and considered. To achieve our highest ever turnover against this backdrop, assisted by the particularly strong growth in Leeds and Manchester as well as continued development in Newcastle, is testament to the clear focus maintained by our teams right across the firm."
During the 2022-23 financial year, Ward Hadaway recruited 78 new people, and made 54 promotions, reflecting its commitment to the ongoing attraction, development and retention of talent. This includes retaining all of the 12 qualifying trainees and apprentices within the business when they completed their training contract in September.
Martin added: "Our business is our people. People who appreciate the needs of our clients by living and breathing their challenges with them. Employees who attract the region's talent to work alongside them because they themselves feel motivated and invested in Ward Hadaway. Our people also challenge us to operate responsibly as we look to the future of our business, our communities and our planet.
"We have an exceptional group of legal experts across our offices supported by a fantastic business support team, and our clients appreciate our full-service offering, delivered with a straightforward, friendly approach, tailored to their needs. We are extremely proud of our committed teams, working for our loyal clients who continually challenge and inspire us. The firm's consistently strong financial performance demonstrates yet again the results that this powerful combination can deliver."