Top-100 full-service firm Ward Hadaway continues to make progress towards its goal of doubling in size over the next decade - but profits were flat in 2025 for the second year running.
In the 12 months to 30 April, revenue climbed 11.6% to a record £53.6m at the Leeds, Manchester and Newcastle-based firm. Profit before members’ remuneration and profit shares came in at £17.2m, unchanged on 2024 and 2023.
A sharp rise in the wage bill once again dampened profits. The firm, which employs over 400, paid out £21.3m in staff costs in 2024-25, up from £18.4m in the previous 12 months.
When he took over as managing partner of Ward Hadaway in April 2024, Steven Petrie targeted turnover growth of more than 50% within five years and doubling the firm’s size over the next decade.
The firm said revenue increased across all departments in 2024-25, 'with particularly strong performances from the Housing, Private Client and Commercial Disputes' teams. Growth was recorded across all offices, led by Manchester, which achieved revenue growth of 42%, with Leeds also delivering double-digit growth.
'These results reflect a sustained period of disciplined growth across the firm,' Petrie said. 'We have delivered consistent performance across our offices and service lines, which is particularly significant given the wider economic and market conditions. Our focus has remained on building strong teams, investing for the long term and delivering high-quality advice to clients across all sectors.'
Since the reporting year end Ward Hadaway has completed a merger with Teesside firm The Endeavour Partnership and opened a new office in Birmingham.
Investments for 2026 include 'a number of new partner appointments across all offices and a move to a larger office space in Birmingham'.
