Law firm Howes Percival's turnover has increased 19 per cent, according to its latest annual results – following a period of sustained growth which has seen revenues rise 33 per cent in three years.

The firm, which has offices across the Midlands, saw turnover increase from £23.6 million in 2020, to £31.3 million in its most recent year, thanks to growth across all its offices and practice areas. It said revenues in its corporate, commercial and banking department was up 74 per cent in three years, employment law was up 23 per cent, property was up 25 per cent, litigation up 31 per cent and private client was up 15 per cent.

Howes Percival has offices in Cambridge, Leicester, Manchester, Milton Keynes, Northampton and Norwich, and has 55 partners and 147 lawyers in total.

Back in the summer it announced it had created 50 new roles in the last two years to meet increased demand for its services.

Over the next two years, the firm plans to continue recruiting across all six offices, creating a further 50 roles, including partners and solicitors as well as support roles in areas such as accounts, IT and HR.

Chief financial Officer Fayaz Sattar said: "This is a fantastic result, and I am pleased with our performance over the last financial year, given the wider economic situation in the UK.

“We had been targeting a figure just over £28 million in 2023, so to have exceeded our plan quite significantly is testament to the efforts of the entire team.

"Looking forward our core markets are holding up well and have remained resilient, despite inflation in general and the economy as a whole.

“We obviously can't control the wider economic factors, but we can ensure that we are a well-diversified firm, investing in our fee earner expertise, IT and back-office infrastructure to continue to provide the most competitive and attractive offer we can to clients."

Howes Percival chairman and East Midlands partner Geraint Davies said: "We really are thrilled with this result given the unprecedented economic times we are in.

“Everyone has worked incredibly hard so it is great to see the results reflect this. We are continuing to take market share in all our locations and there is real momentum behind the firm at the moment.

“We will be investing further through 2024/25, in our people and in the business itself, to meet the client demand we are seeing and deliver further growth.

"Our strategy has been to invest in our teams and the business as a whole for a number of years now, and without doubt, we are seeing the results of that plan.

“Our people are central to everything we do. We want to be a firm that attracts the best talent and is seen as the place to nurture and develop your career from trainees through to partners and at every level for our non-fee earner teams.

“We have that infrastructure in place now and it is one of the key reasons we are performing so well as a business."