Legal services business Lawfront, which is backed by Blixt, nearly tripled its revenue in its most recent financial year, with profits also climbing. Following the year end, the business snapped up a prominent North West firm.
In the year ended 31 March 2024, Lawfront generated revenue of £47m and profits of £8m.
The company recently swooped for Slater Heelis, in what is its eighth acquisition, taking annualised revenue to more than £70m.
With an active and growing pipeline of potential partner firms, Lawfront expects to exceed annualised revenues of £100m in the near future.
Backed by private equity fund Blixt, the company helps its leading regional partner firms, Fisher Jones Greenwood, Farleys, Nelsons and Slater Heelis, to achieve their own growth ambitions through investment in management, people, technology and further local acquisitions.
Chief executive Neil Lloyd said: “Our recent trading proves that our model of working with leading regional brands and talented management teams delivers exceptional results for our partner firms. All our firms have grown their revenue and profits under our ownership and our results are a testament to the talent within our teams and our relentless focus on our people, growth and innovation.
“Others have entered the market pursuing similar strategies to ours but as first mover, we have momentum that will be hard to match. We are seeing rapidly growing interest in our proposition as it addresses the major concerns of succession, legacy and the scale of investment required to remain competitive.”
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