Law firm Browne Jacobson LLP has reported another record set of financial results, with turnover rising 11.5 per cent to £50.2m in 2013-14.
It is the fourth year in succession that the firm has posted a record set of results and the second time in three years it has recorded double digit growth.
All five of the firm’s offices posted impressive growth figures, with the Exeter office posting a 60.7 per cent increase in work done in its first full year of trading.
A series of hires and promotions has seen partner numbers reach 99, with total lawyers numbering 391. Browne Jacobson’s overall headcount rose by four per cent and in Exeter the firm appointed partners Nigel Lyons and Julia Green, both joining from Foot Anstey.
Managing partner Iain Blatherwick said: “We are delighted to have broken through the £50m mark for the first time and in doing so achieved our major financial target coming into the year.
“Our growth this year can be attributed in large part to delivering on the significant investments we made in 2012-13, working smarter, winning a number of new clients and, as importantly, retaining all our key clients and instructions.
“We are also now really starting to see opportunities arising from our mix of practice areas as the boundaries between the public and private sector shift.
“We also broadened our offering by adding education and regulatory expertise in Exeter.
“We are busier than we have ever been as a firm and continued to see strong demand across the board with our health teams in particular seeing a marked upturn in activity.”
The firm, which expanded into Exeter in August 2012, also has offices in Birmingham, London, Manchester and Nottingham.