North West law firm SAS Daniels LLP has today announced its turnover grew by nine per cent in the financial year ending April 2013, with a total fee value of £6.4 million (up from £5.9 million for the year ending April 2012).
Overall profitability was up 8 per cent, as the firm continued to expand its corporate and commercial client base. Commercial litigation grew by 60 per cent over the twelve months. Residential real estate increased by 30 per cent, whilst corporate work grew by 15 per cent, aided by work advising BiG Storage on an £11 million refinancing package and supporting energy reduction business SenseLogix in a funding round.
Other notable work included advising on the likes of HCE Group’s acquisition of CN Gaunt & Son and R&B Switchgear’s purchase of SIM Ltd and commercial property deals including office leasing for loan broker Moneio and independent wealth management firm TWP Wealth.
The firm, which has 62 legal advisors, including 26 partners, across four offices in Stockport, Macclesfield, Chester and Congleton, broke its record for monthly fee billing three times in the past year.
Chief Operating Officer at SAS Daniels LLP, said “We offer an attractive, effective alternative to more expensive city centre firms, and the work we are doing, and the growth we have experienced, shows that belief is shared with our expanding client base.
“We believe that this rate of growth will continue into next year, and we expect to have more record-breaking fee billing months in the near future. The coming year will be another challenging one for businesses, but we believe our offering and our people will continue to deliver for our clients.”
The firm recently announced that Karen Barker has been promoted to partner, expanding its expertise base across the four offices.