Howes Percival, a law firm with an office in the city centre, has reported a growth in turnover to £31.3m in the past 12 months, up from £23m in the previous financial year. This represents an increase of 19%. While the firm experienced growth in all practice areas, the corporate, commercial, and banking departments saw the biggest increase, rising by 75% in the past three years.
The company’s strong financial performance has led them to announce plans to add 50 new jobs to their team. These roles will include solicitors, HR specialists, and IT support staff. The firm’s chief financial officer, Fayaz Sattar, expressed his satisfaction with the result, particularly given the challenging economic situation in the UK. He stated that the firm had originally set a target of just over £28m for 2023 and exceeding this figure significantly demonstrates the efforts of the entire team.
This positive growth reflects Howes Percival’s strong position in the market and their ability to capitalize on opportunities. Despite the wider economic uncertainties faced by many businesses in the UK, the firm’s focus on corporate, commercial, and banking services has allowed them to thrive. This success has also given them the confidence to invest in expanding their team, recognizing the importance of having a skilled workforce to support their growing client base.
The announcement of additional job openings is a sign of the firm’s commitment to expansion and continued success. By bringing in new talent, Howes Percival aims to enhance their capacity to serve clients, further improve the services they offer, and maintain their competitive edge in the legal industry. The addition of solicitors, HR specialists, and IT support staff demonstrates the firm’s dedication to not only strengthening their legal capabilities but also their internal operations and client support systems.
In conclusion, Howes Percival’s impressive financial growth, particularly in their corporate, commercial, and banking departments, has led to plans for the recruitment of 50 new employees. These hires will support the firm’s continued success, allowing them to provide high-quality legal services to their clients. Despite the challenging economic situation in the UK, Howes Percival’s strong position in the market and their ability to exceed their financial targets demonstrates the dedication and hard work of their team.
