Knights boosts revenue by 64% in 12 months
Knights 1759 has increased its revenue by more than 60% in the last 12 months to achieve a turnover of £33.5 million.
The 64% hike is the biggest annual increase ever recorded by Knights and is a result of a successful year of trading following an acquisition and the recruitment of more than 100 professionals and specialist teams.
Last year, the business achieved a turnover of £20.5 million having grown significantly from £8 million in 2011.
Now a team of 350 high-calibre professionals across six regional offices, the business has reinforced its position as the ‘fastest-growing law firm in the UK’ and is expecting to enter the UK top 100 law firms for the first time this year.
Knights was one of the first in the legal sector to secure private investment and embrace the Alternative Business Structure (ABS) model, moving away from the traditional equity partnership model.
David Beech, CEO attributes the success to attracting and retaining excellent talent by the combination of private-equity investment and a strong vision to create a forward-thinking and dynamic business.
“The last 12 months has been a major step forward in our vision to become the number one regional professional services business in the UK,” said David.
“By moving away from the traditional legal partnership-model to operate as a commercial business has allowed us to grow quickly.
“We have expanded our specialist services to provide integrated solutions to clients with legal services being part of a wider offering, as well as strengthening our existing real estate, corporate, litigation, employment and private client teams.
“We’ve continued with our long-term plan to invest in our people and we have structured the business to ensure that we can maintain a consistent and ongoing recruitment programme across our six regional offices.
“Our success is testament to the hard work of everyone at Knights and we have plans for further growth to become the number one regional professional services business in the UK.”
Looking forward to the next 12 months, Knights plans continued growth within the professional services sector building on the solid foundations that have been achieved in the last five years.
For more information visit www.knights1759.co.uk or join the conversation at @Knights1759