Strong rise in revenues and profits at Brabners LLP
The firm said that like-for-like revenues in its last financial year grew to £29.2m and fee income had grown in the last nine months, with strong momentum across all of its core service areas. Total profit in the last financial year also grew to £9.6m.
With net assets of £11m, the firm said its financial strength would enable it to continue investing in talent and clients to support its vision of being the leading independent, regional legal practice.
Its teams have led a number of major deals in recent months, including advising technology company Gas Tag in securing private equity investment from Waterland Private Equity, the first completed by Waterland’s UK team, and advising Peel Land and Property on its agreement with Everton Football Club to lease land for its proposed new stadium at Bramley Moore Dock, Liverpool Waters.
The firm also announced that Nik White has been appointed managing partner with effect from 1st May later this year. A member of Brabners’ management board, Nik qualified with the firm in 1997 and is head of its Commercial department. He will replace Mark Brandwood who has served in the role for nine years and will continue as a corporate partner and head of the Corporate department in the firm’s Manchester office.
Mark Brandwood said: “We’ve built excellent momentum across the entire firm over the last 18 months. This means we can continue to invest in expanding our capabilities for the benefit of our clients, underpinned by exceptional talent, service and technology.”
Nik White added: “This is a hugely exciting time for the firm and our people. The North West region has incredible potential, full of talent, innovation and determination to succeed. As one of the region’s leading law firms, we’re keen to play our part in helping to fulfill that potential. I am passionate about supporting our people and clients and am really looking forward to leading Brabners and driving the firm’s success.”
Published: 23 January 2018