Maw Comms news
MK 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 has seen turnover increase from £23.4m before the pandemic, to £26.3m this year and market share increase in Milton Keynes and its 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 has had an office in Milton Keynes for over 35 years and moved to new premises in Knowlhill in February 2015. The office has trebled in size in the last 12 months, with a particular focus on Corporate, Commercial and Banking (CCB). Andy Harris was promoted to Head-up the CCB team and a series of senior appointments followed including commercial contract specialist Max Windich, Chris White and Tom Redman, both from Dentons and dispute resolution specialist Jennifer Laskey from Wilson Browne.
MK partner Simon deMaid 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 clients 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.
“Our people have been at the heart of everything that has happened in the last couple of years and our focus was very much on ensuring that everyone was supported, valued and rewarded during such a challenging period. Together we developed improved ways of working and supporting each other that continue today, with more flexible working, more family-friendly working practices and health and well-being benefits. Our bonus scheme applies to all employees and recognises the contribution that everyone has made.”
Howes Percival’s Head the Corporate, Commercial and Banking, Andy Harris commented, “Our MK office is very firmly established within the city’s business community. We have made some very eye-catching appointments in the last 12 months, that have made people sit up and take notice. We want to be the go-to firm for deals in the city and have developed specialist expertise for key sectors in the area, including automotive, tech and healthcare. Activity levels in MK have remained extremely buoyant this year and we expect this to continue, despite some of the wider economic challenges.”
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.