Strategy for Growth delivers 10% rise in turnover
Law firm Sintons has reported a strong rise in turnover as its growth strategy continues to deliver progress across the business.
Turnover rose to £15.2m during the financial year ending January 2019 – more than 10 per cent up on the previous period – as Sintons saw growth throughout the firm, underpinned by the recruitment of 25 senior lawyers in the past 18 months, as it continues to build for the future.
The firm’s commercial group saw significant growth, with strong gains in its core corporate and commercial, private client and real estate practice areas, as well as from its fast-growing neurotrauma team.
The results show the progress Sintons is making through its Strategy for Growth, unveiled two years ago with the objective of growing the business while enhancing Sintons’ offering and building further on its reputation for client service.
Sintons won five awards at the Northern Law Awards 2019, including the overall Law Firm of the Year, in recognition of its progress and ambition.
With Team of the Year awards being won by each of its corporate and commercial, dispute resolution, family law, and wills, trusts and probate departments, Sintons has seen key new client wins throughout the business, attracting particular attention for its rapidly-developing presence in the region’s tech and startup scene.
The firm continues to be involved in many of the major deals in the North East, with its corporate and commercial team completing transactions including Gainford Group’s purchase and planned redevelopment of the New Bridge Street Hotel; the purchase of The Pen Shop, one of the region’s oldest retail brands, from administration; and the sale of Gateshead manufacturer TDX to a European counterpart to create a globally-ambitious business.
The firm’s ongoing recruitment drive has been supported by continued investment in systems and processes, to enhance service delivery and further assist the firm’s agile and flexible working policies for employees.
Among the many significant new hires are David Summerhayes, who has joined Sintons as a dispute resolution partner to help lead the continued growth of the department, as well as the recruitment of a new Regulatory Law team to further grow the firm’s presence in that area.
Mark Quigley, managing partner of Sintons, said: “The significant increase in turnover is indicative of the strong progress we continue to make as a business and across all of our practice areas. Our Strategy for Growth makes clear our ambitions and these latest results show we are delivering on that.
“Our people continue to be central to our success, and we remain committed to the recruitment and retention of talented lawyers, investing in their professional development and offering opportunities for progression. We have a first-rate team, which we will continue to add to with strategic new appointments to strengthen key areas of the business even further.
“Our aim is to become the law firm of choice for businesses, organisations and individuals regionally and nationally, through our focus on providing the highest quality service, tailored to each client’s needs and delivered by the best legal talent. We are committed to ensuring that remains at the heart of Sintons as we continue to grow, and our recent reaccreditations by both Lexcel and Investors in People show that we continue to deliver these levels of service excellence, provided by people who are passionate about the firm and client care..
“The recent sale of our insurance litigation business, which came in response to significant market consolidation in that sector, was a strategic move which enables us to concentrate our efforts on the fast-growing areas of our business. While this will inevitably result in an impact in our fee income in the short-term, in the longer-term it enables us to invest our time and resources into key areas of the business where we can achieve even greater levels of regional and national progress.
“Additionally, we are very proud of our active CSR programme which continues to support charities and our local community and the firm’s donation of employee days to provide practical, hands-on work for those who need it most. We are reaching the end of our two-year adoption of Daft as a Brush Cancer Patient Care as our chosen charity and are delighted with all that has been achieved by all our people in support of this great charity.”