Bradbury Hamilton is planning a recruitment drive to take account of the firm’s growing size, managing director Sheriar Bradbury has said.
Many people have already joined the firm in an administration and paraplanning capacity, and Mr Bradbury said this would continue as new business grew organically, as well as through acquisitions and joint ventures.
He said: “We witnessed an extremely busy end to 2014 and the signs are that this is set to continue into 2015.
“On an annualised basis, turnover in the first quarter of the current financial period is up 19 per cent compared to the whole of the 2013/2014 period.
“Servicing this new business will be our focus for the first half of the year and we are undergoing a selective recruitment drive to achieve this.”
Bradbury Hamilton’s joint venture partner Raffingers Stuart has recently acquired the financial services arm of accountants Alexander Ash.
However, Mr Bradbury said he did not believe in expansion at any cost.
He said: “There are enough clients out there for good quality businesses to grow. The days of taking on clients at any cost have now gone.”
Background
Bradbury Hamilton was founded in 1993 by managing director Sheriar Bradbury and has offices in London and Essex.
In 2014 the firm purchased Leeds-based SBB Consulting which marked the firm’s 48th acquisition since its birth.
In November, Mr Bradbury said more regulation, higher overheads, potentially lower margins and a more uncertain future have forced smaller law firms to think innovatively in order to survive.
In 2013/14 Bradbury Hamilton’s recurring income accounted for 71.7 per cent of all turnover, up from 70.2 per cent in the previous year.
Last year Bradbury Hamilton saw its turnover increase 42.2 per cent to £2.25m for the 12 months to the end of September 2013.
