Listed law firm Knights is anticipating a 36 per cent revenue increase for the full year.
For the 12 months the April 30, 2021, the company – which has 15 offices across the UK in areas including Birmingham, Manchester, Leeds, Leicester, York and Staffordshire – has recorded revenue in excess of £100.8 million, which is up by more than 36 per cent from £74 million in 2020.
While pre-tax profit is expected to increase by more than 32 per cent to £18 million during the period.
Bosses at Knights say the results represent a ‘strong recovery from the significant Covid-related impact’ in the first half of the year, and that it has been achieved without using the Coronavirus Job Retention Scheme or any other Government support schemes.
David Beech, CEO of Knights, said: “Our robust full year performance is testament to the well-balanced and highly diversified business we have built over a number of years.
“We are proud of the commitment our talented people across the business have shown, which has delivered this resilient performance during a difficult economic period.
“Having emerged in a stronger position from the initial stages of the pandemic, we saw good and growing momentum in the second half of the year.
“As well as adding a number of fee earners through acquisition, the critical mass the Group has now achieved means that its increased credibility, as a leading legal and professional services business outside London, is attracting both high calibre talent and an increasing number of opportunities with new and existing clients.
“With a well-invested platform and confidence in the Group’s strategy, we look forward to making good progress in the new financial year as we continue to execute on the acquisitive and organic opportunities we see ahead.”
Over the last 12 months Knights has completed a number of acquisitions, including Exeter-based OTB Eveling LLP, Surrey-based Mundays LLP and Yorkshire law firm Keebles LLP.
The company expects to make a number of other acquisitions during the year ahead.