A major acquisition, a new office launch and continuing recruitment made 2014 another year of substantial expansion for fast-growing Yorkshire law firm, Newtons Solicitors.
The acquisition of long-established practice, Thorp Parker LLP, Stokesley, and opening of Newtons Solicitors Ilkley office, were among highlights in a year which saw group’s network expand to nine offices across Teesside and North and West Yorkshire.
A total of ten new solicitors and 13 support staff were also recruited by the Knaresborough-based law firm, taking its total workforce to 70 just five years after it was founded by husband-and-wife legal entrepreneurs, Chris and Sarah Newton, from their Harrogate home in 2009.
Managing director, Chris Newton, says: “Our Ilkley office, led by Victoria Trelease, was a completely new opening for us, our first move into West Yorkshire.
“The Stokesley acquisition introduced significant levels of corporate work to the firm through a team led by Richard Parker and also introduced a new specialism of trusts and tax planning through one of the firm’s principal’s, Paula Warburton, which is now available group wide.
“Our group fee income increased from £1.8M in 2013 to £2.6M in 2014, and is expected to leap to £3.7M in 2015 driven partly by the increased number of multi-million pound property deals and business acquisitions upon which the firm is being asked to advise. Credit has to go to our superb team that continues to deliver and attract more clients and lawyers who want to work with us.
“Our success in 2014 has already attracted four new solicitors who are signed up to join us in 2015 together with further potential law firm acquisitions. Our medium term goal of reaching a £5M fee income is now in sight.”