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Weightmans sees sharp rise in revenue from work for public bodies as total income for firm increases 5% to £103.2m

National law firm Weightmans has seen its total income increase by 5% to £103.2m and net profit jump 25% from £9m to £11.3m.

The net profit figure came after a £1.5m bonus award to staff.

The firm reported significant organic growth in both the Litigation, Transactions and Advisory division and Claims division. Within those divisions, Corporate and commercial, real estate, casualty, healthcare, and litigation all recorded seven figure growth.

It added that a number of its key markets grew - 31% in Built Environment, 16% in Public Bodies, 9% in services to Owner Managed Business and 7% in services to Individuals. 

Weightmans said: “Despite making a number further investments in the year including the acquisition of new technology tools such as Matterlabs, the firm’s net cash position remained positive and its balance sheet became even stronger.”

Twelve individuals were welcomed to the partnership from departments such as Family, Employment and Healthcare and the Finance team hailed its first partner promotion,

A merger with RadcliffesLeBrasseur was finalised earlier this month, with the practices combining under the Weightmans LLP name.

Weightmans Managing Partner John Schorah said: “It has been a strong year for Weightmans, not just in terms of financial success but in the positive progress we have made towards our goals of being the most responsible business and best employer possible.

“The figures show that we have been able to recover from the impact of the covid pandemic, thanks to the hard work of our people and the support of our clients to whom we are incredibly grateful.”

He added: “The merger with RadcliffesLeBrasseur will contribute significantly to the depth and breadth of services we offer to clients across the UK and we are excited by what we can achieve together in the coming months.

“The firm’s footprint and presence has strengthened nationally, we now have a very significant presence in London and in all our client markets we are major players.  

“We remain ambitious and focused on the future as we continue to innovate, diversify and invest in our people and processes to ensure we are delivering market leading insight and the high standard of service we are known for.”

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