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Leicester law firm records 12% increase in turnover since start of pandemic
Law firm Howes Percival has recorded a 12% increase in turnover since the start of 2020, with profits per equity partner also up 12% over the same period, according to its latest annual results.
The firm, which is celebrating 25 years in Leicester this year, has seen turnover increase from £23.4m before the pandemic, to £26.3m this year and market share increase in Leicester, Northampton and it’s other UK offices.
The last 12 months have also seen Howes Percival invest in a nationwide expansion programme, with close to 100 new recruits appointed in that period.
Howes Percival’s Leicester office opened in July 1997 on New Walk with a team of just six lawyers. Today, over 60 of the firm’s staff are employed at its Meridian Business Park office, providing the full range of corporate and family law services.
Chairperson and Leicester partner, Geraint Davies said, “We are absolutely delighted with the way the firm has performed over the last couple of years. Like everyone, we experienced the shock waves when the pandemic struck, but we were able to adapt quickly to the new ways of working to support our customers and take advantage of the opportunities that emerged in certain sectors. We’ve seen very strong growth in core areas such as corporate and commercial, property, litigation, employment law and private client services.
“The pandemic presented a unique set of challenges, but the firm responded strongly. We made a conscious decision to carry on investing in people and technology during the pandemic, to ensure that we were in the best possible position when we came out the other side, and that is now paying dividends. We are seeing the momentum carry on and anticipate further double-digit growth in this financial year too, as a result.
“When it comes to marking 25 years of Howes Percival in Leicester, we wanted to shine a spotlight on what makes it a fantastic city to live, work and do business in. We saw this as an opportunity, not only to recognise our Leicester office’s achievements, but to give back something meaningful to the community. Our people have been integral to planning the celebrations and the whole office has come together in a true team effort to support the events taking place throughout the year.”
The firm is celebrating 25 years in Leicester with 25 events designed to reflect the city’s unique identity, with themes including: arts and culture; environment; technology and innovation; education and community and sport including volunteer days and events to raise money for local charities.
The launch event took place in May when the firm’s Intellectual Property & IT team undertook a 25 mile walk around Rutland Water. Other fundraising activities have seen Howes Percival’s Leicester partners taking part in a ballroom dancing competition and a cycle ride from Paris to Geneva. Still to come are a STEM event to connect schools with high performance engineering companies in Leicester and a Diwali celebration.
The money raised from fundraising activities in 2022 will support a variety of local charities, including the office’s chosen ‘Charity of the Year’, the RSPCA Leicestershire Branch, Woodside Animal Centre, which cares for mistreated, abandoned and neglected animals in Leicestershire and Rutland.
For more information on Howes Percival visit: https://www.howespercival.com/
For further information please contact:
Gordon or Liz at MAW Communications on 01603 505 845
Notes to editors:
Howes Percival has offices in Cambridge, Leicester, Manchester, Milton Keynes, Northampton and Norwich. It has 47 partners and 171 lawyers in total.
The firm is recommended in The Legal 500 – the authoritative guide to the UK’s leading law firms. In the 2022 guide, no fewer than 11 different departments achieved the guide’s highest possible ranking (Tier 1): Corporate and Commercial; Dispute Resolution – Commercial Litigation; Dispute Resolution – Debt Recovery; Finance – Insolvency and Corporate Recovery; Human Resources – Employment Law; Private Client – Agriculture and Estates; Private Client – Tax, Trusts and Probate; Real Estate – Commercial Property; Real Estate – Property litigation; Real Estate – Environment & Planning; Intellectual Property.