National firm Irwin Mitchell has announced an 11% rise in profit in its 10th consecutive year of growth.
According to figures for the year to 30 April 2020, profit before tax rose from £21.4m to £23.7m year-on-year (11%) while turnover rose by 2% to £269.3m. The firm did not reveal figures for profit per equity partner.
Irwin Mitchell group chief executive Andrew Tucker said: ‘Our most recent results represent 10 consecutive years of growth and highlight a strong financial performance for the group.’ However, he added that ‘these are extremely challenging times for everyone and there’s understandably a lot of uncertainty.’
'The heightened pace of change will no doubt continue over the next 12 months and as we confront serious issues such as Covid-19 and Brexit, we will focus on ensuring we’re in a strong and sustainable position for the future.'
Earlier this month, the firm announced that 110 jobs may be at risk as it prepares to emerge from the coronavirus lockdown.
The majority of roles affected are expected to be from business support and group services, with two fee-earners included. This is as a result of changes in working practices and an increased move to digital ways of working, which have accelerated in recent months.