Profits at Shulmans increase threefold over seven years

Shulmans has reported that its profits have increased threefold over the past seven years, following an uplift in fee income of 7.5% in 2016.

The firm’s corporate finance team concluded over £250 million of merger and acquisition transactions in 2016, and Shulmans’ property specialists handled over £4 billion of secured lending work last year. Both departments greatly contributed to the growth in fee income.

Shulmans now has more than 190 employees and has occupied a third more office space at 10 Wellington Place since moving to the building three years ago.

Some of the firm’s high profile clients in the region and nationally include BetFred, Greggs and Barratt Homes, motorway service station operator Extra MSA and Avant Homes.  Shulmans’ international presence has also continued to strengthen through work with the likes of Ghana International Bank and Zollner Group GmbH.

Managing partner, Tim Halstead (pictured), said: “Shulmans’ sustained success and growth in fees is testament to the outstanding legal talent within our ever-growing team. Retention and development of our people continues to be a priority at the heart of our growth strategy.

“We are proud to be one of the UK’s fastest rising full service corporate law firms, with our single site office enabling us to deliver excellent client service in a highly agile and effective way.”