Irwin Mitchell turnover and profits rise significantly

Irwin Mitchell has announced significant growth in its turnover and profit for the 2018/19 financial year.

Turnover for the group, which has offices in Sheffield and Leeds, was up 9% to £263 million (FY18 £242 million) with profit rising 76% to £21 million (FY18 £12 million).

Group chief executive Andrew Tucker said the results reflected how all teams across the Irwin Mitchell group were working more closely together than ever before, with clients increasingly using more than one service line.

Tucker continued: “We have successfully grown turnover for nine consecutive years and that is testament to the hard work and determination of all of our teams to deliver an excellent client service whether that is for businesses or individuals.”

“We offer a wide, but complementary, range of legal and financial services and our client engagement is strong: they tell us our service is consistently good and distinctive. We have an extensive programme to enable us to really understand what our clients value which helps us deliver our services more effectively.”

Tucker added: “We are also investing further in our people and ensuring that Irwin Mitchell is a great place to work. We now have a dress for your day policy, we have more than 400 members of staff adopting official flexible working patterns, with many more agreeing informal arrangements.”

“We have continued to develop wellbeing with our line managers are undergoing specialist mental health training to be able to support colleagues who may need some help. These and other initiatives are driving our growth in revenue and profit.”

Earlier this year, Irwin Mitchell in Leeds boosted its corporate team with the double appointment of Gavin Maddison as partner and Catherine Hinchliffe as senior associate from Ward Hadaway.

It also recruited real estate partner Michelle Beaumont from the Leeds office of Pinsent Masons.

This year the firm promoted eight people to partner, as well as 90 to associate and senior associate. Its gender pay gap was among the best in the industry and 43% of partners are now female.

Outside of legal services, Irwin Mitchell’s wider group companies, including debt recovery provider Ascent and IM Asset Management, which has more than £700 million funds under management, continue to perform well, as does its tax advisory service, which is completing more than 2,000 tax returns each year.