Our offices will close for the Christmas period from 5pm on Monday 23 December 2024 and re-open at 9am on Thursday 2 January 2025
We're pleased to announce a 14% increase in fee income across our four offices in Grimsby, Lincoln, Beverley and Louth in financial year 2023-24 compared to the previous financial year.
The fee revenue figure of £31.17million is against £27.4 million in the last financial year. All four of our offices saw fee revenue rise - with particular growth in Beverley and Grimsby. Net profit was approximately the same at 24%.
The 14% growth was even more striking given that total headcount across the firm compared to the previous year increased by 4% overall.
“We are very pleased at the continuing confidence in us as a firm from established and new clients and it is testament to the quality of our support that we have achieved such growth. This follows strong growth in the previous financial year which had seen an increase in more than 10% in fee revenue.
“Importantly this growth has enabled us to invest in our people and infrastructure to further help develop the business in the medium term” said Chris Grocock, senior partner, Wilkin Chapman.
In the last financial year we celebrated the first anniversary of our move into new offices in Louth, the creation of our ESG (Environmental, Social and Governance) Strategy Board, the launch of an electric vehicle scheme and the extension of our paralegal apprentice scheme recruiting apprentices from across the region.
Our success and investment is reflected in the number of lateral hire partners we have attracted from other firms in East Yorkshire and Lincolnshire. Four partners joined the firm or were promoted, covering specialisms from dispute resolution to probate to real estate. We also appointed our first directors of risk & compliance and marketing & BD.
Due to the firm’s performance, employees each received £850 as part of a ‘sharing in success’ payment and private medical insurance for all staff which came into effect in September.
