Fast-growing Midland law firm Shakespeares has announced record-breaking turnover for the 2012-13 financial year.
Figures released by the law firm, which is now the second largest in the Midlands after Wragge & Co revealed it hit equivalent turnover of £45.4 million for the year ending in March – 55 per cent higher than the £29.6 million turnover recorded in 2011-12. The firm has predicted its turnover will exceed £50 million in 2013-14.
Shakespeares’ results come on the back of continued turmoil in the Midland legal sector following the collapse of Blakemores and Cobbetts during the last year. The firm said it is planning to continue to expand by continuing its merger policy. Its latest partnership will be sealed on September 1 with Leicester-based planning specialists Marrons.
The Marrons deal will be the sixth since 2010 and follows on from a merger with Leicester practice Harvey Ingram last year.
Major expansion at Shakespeares has taken place since 2007, following a merger with Putsmans to become Shakespeare Putsman.
In 2010 it merged with Needham & James, which had offices in Birmingham, Stratford-upon-Avon and the Cotswolds and the same year saw a merger with Nottingham-based Berryman. Unified under the new Shakespeares banner in 2011 the firm went on to merge with specialist social housing firm Gorrara Haden Solicitors and Solihull-based Wood Glaister the same year. Chief executive Paul Wilson said: “Our ongoing strong performance will allow us to continue our rapid expansion.”