Saturday, July 27, 2024

Turnover tops £10m at Yorkshire law firm

Yorkshire law firm, LCF Law, is reporting a successful financial year, with turnover hitting £10.1 million on the back of double-digit growth over the past 12 months.

For the year ending 31st March 2024, LCF Law’s total group revenue grew by more than 10%, from £9.1 million the previous year, with nearly all its specialist divisions, which span both commercial and personal law, experiencing an increase in turnover.

Other highlights for the firm, which employs approximately 140 people across offices in Leeds, Bradford, Harrogate and Ilkley, include facilitating the planting of hundreds of trees through its work with Yorkshire Dales Millenium Trust (YDMT) and raising more than £10,000 for the Bone Cancer Trust over the past 12 months.

Last month LCF Law announced that Ragan Montgomery has taken over as managing partner, succeeding Simon Stell, who remains with the firm, acting as a mentor and sounding board as well as supporting the wider team, to help achieve LCF Law’s goals and objectives moving forward.

Ragan Montgomery said: “We pride ourselves on employing the best people who always strive to provide clients with a superb service at the right price. In recent years we’ve worked hard to become more efficient and improve productivity, as well as continually investing in our team, so they can achieve their full potential, and we’re now seeing the benefits of this ongoing strategy.

“Clients are also reaping the rewards of this and benefitting from our continued investment in technology, which continually keeps them updated on progress and provides easy access to information, which is all part of our aim of being the best law firm to work with.

“Crucially, being a full-service law firm enables us to provide businesses and individuals with specialist legal advice across almost every area of law. When the depth and quality of our team, who are always motivated to go the extra mile for their clients, is combined with our long history and a highly successful CSR strategy that benefits both national charities and the local communities we operate in, it gives us a very compelling offering.”

Ragan added: “Our significant revenue growth over the past 12 months is testament to this and these latest results will act as a springboard for further growth, with several new high-profile partner appointments due to be made this spring, which all makes it a very exciting time for LCF Law.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.








Latest news

Related news