Yorkshire law firm Gordons’ continued growth defies tough economic climate
Thursday 9th September 2010
Yorkshire law firm Gordons has announced impressive results for the year ended April 2010 defying the downturn which has affected the legal sector. Turnover rose by 1.5 per cent to £22m and average profit per equity partner over the period was £702,000, up from £478,000 the previous year.
Gordons’ managing partner, Paul Ayre, said: “We are very pleased to have increased the firm’s revenue in light of the past year’s challenging market conditions. It speaks volumes about the resilience of Gordons and its potential.
“One of the main reasons for our continued growth is having a clear proposition that combines quality and value with a commitment to listening closely to what is important to clients and, critically, what is not.
“This approach has helped us win and retain work despite the tough economic climate. We believe it will continue to serve us well as we consolidate our position as the viable alternative to the Big Six law firms operating in Yorkshire.”
The past financial year has seen Gordons further develop its corporate department with the appointment of former DLA Piper partner Andrew Morris and provide advice on the high profile Card Factory management buyout.
The Leeds and Bradford firm also helped car retailer JCT600 expand its operations through acquisition and signed an exclusive three year contract for the provision of certain property-related legal services with Molson Coors Brewing Company (UK).
In addition, Gordons has promoted four of its partners to junior equity partner and employed all seven of the newly qualified solicitors following completion of their training contracts with the firm this year.
Gordons completed a major office move during the year by consolidating its two Bradford offices into one. This followed a significant investment to turn the Forward House offices on Piccadilly into a modern, open plan environment allowing the firm’s full complement of 120 people based in Bradford to work under one roof whilst further underlining its commitment to the city.
Paul continued: “We are determined to keep up the momentum achieved and have recently set out a new three year strategy for the firm which has challenging growth targets. We know that it will take a lot of hard work to accomplish the objectives we have set, but we are confident that we have the right offer for this market and the best people to deliver them.”