Freeths announces 13% growth following another year of strong revenues

National law firm Freeths continues its consistent revenue growth as it publishes its financial results for 2023/24, delivering another year of double-digit growth with turnover up by 13% to £145.5m. 

The latest published accounts reveal a continuous upward trajectory for the firm with average annual turnover growth of more than 10% over the last five years and an increase of £16.7m over the last 12 months. 

Recognised as one of the fastest-growing UK firms, Freeths attributes much of its financial success to the talent and commitment of its 1,200+ people, including 14 lateral partner hires in the last year alone, and the support of its clients. 

Not only this, but the business has also seen significant expansion across all main practice areas including high-end M&A, disputes, restructuring and insolvency, real estate and environmental and energy mandates, to name a few.

Over the last year its leading national dispute resolution team has grown by 29%. The team, led by Partner James Hartley, has continued to fight for justice for the sub-postmasters involved in the original Post Office scandal, and is now advising postmasters and other people who are among the hundreds whose criminal convictions are being overturned as a result of the flawed Horizon IT system.

The business’s recent successes culminated in winning Law Firm of the Year at the prestigious Legal Business Awards 2024, beating off stiff competition.

Commenting on the results Karl Jansen, Freeths National Managing Partner, said: “As we report on another year of strong performance, our success has enabled us to invest strategically in the future of the business. This includes our investment in the latest market leading technologies such as AI, helping to enhance our performance across the firm, and yielding significant benefits for our clients. 

“The depth and breadth of our national practice, which now includes Scotland, has helped us to become one of the UK’s leading law firms. I’m very proud to work amongst some of the UK’s top legal talent, and to see that recognised in the Law Firm of the Year award.”