Law firm reports record year as it gears up for more growth

Law firm Flint Bishop is celebrating its most successful year to date after reporting record revenue and headcount surpassing pre-pandemic levels.

For the 12 months to 31 December 2021, the firm’s turnover climbed to £16.7 million, an increase of 10% on the previous year, with pre-tax profits also rising over the same period.

As part of its expansion plans across the Midlands, the firm has taken on 79 new recruits since the start of 2021, bring its total headcount to its highest level in the firm’s history.

Its growth has been boosted by several high-profile client acquisitions, including the addition of two of the UK’s ‘big six’ energy suppliers.

Flint Bishop now acts for four of the ‘big six’, adding to its impressive client roster, which boasts a number of household names including Royal Mail, Heineken, Costcutter, UK Mail and Autoglass.

Flint Bishop’s fast-growing insurance litigation practice defended a number of multi-million pound cases throughout the year and it was also a successful 2021 for the firm’s property and corporate finance operations, both of which completed on a significant number of deals and transactions.

Its commercial property department’s deals totalled in excess of £150 million, which included acting on the disposal of a commercial development site for £48 million – and the firm’s residential conveyancing team achieved a record year, completing on over 1,800 transactions over the 12-month period.

There was also an uplift in mergers and acquisitions activity seen by the firm’s corporate finance division, which completed on a total of 50 transactions with an aggregate deal value exceeding £200 million.

Chief executive Qamer Ghafoor said: “Our notable results and achievements over the past 12 months are a real testament to the strength of our people.

“Together with a strong management team, we have proven that the firm is very resilient, even during difficult trading conditions, due to the team spirit and efforts of all the staff.

“The focus for the next 12 to 24 months will be on strategies that will drive significant growth throughout the firm, including continued investment in our IT infrastructure to enhance our operational efficiency and deliver innovative solutions to our clients.

“To support our ambitious growth plans, further strategic appointments are in the pipeline to bolster the leadership team, with newly created roles.

“We look forward to announcing these appointments in the near future.”