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Turnover exceeds budget at Leeds law firm

Turnover exceeds budget at Leeds law firm

Insider Media

11th January 2017

Turnover has exceeded budget in the latest accounts for a Leeds law firm which is set to relocate to new premises in the city centre later this year.

Blacks Solicitors is a 19 partner firm specialising in corporate, commercial, sport, property and private client matters.

In accounts for the year to 31 March 2016, the business upped turnover from £10.3m to £11.6m, outstripping expectations.

Profit for the period rose from £1.9m to £2.2m.

In a report signed by managing partner Chris Allen, the firm said it had continued a programme of organic growth in terms of personnel and had embraced tools such as social media to complement its ongoing PR and marketing campaign.

The firm's corporate and commercial team witnessed a significant increase in growth, with revenue climbing by 36 per cent after securing and completing numerous deals during the last year with a cumulative value in excess of £250m.

"2016 was a great year for Blacks," said Allen. "We are delighted with our performance, which has exceeded our expectations.

"We look forward to moving to our new premises at City Point in April 2017 and to welcoming our clients to our new offices. Our new location will enable us to expand further and will provide a fantastic office environment for our clients and staff."

Since the year end, Blacks has agreed a deal to take over the entire second floor of City Point on the corner of King Street in Leeds, where 11,000 sq ft of office space will bring staff together on one floor for the first time.

The new City Point premises, managed by Redefine International, were secured with the assistance of Robin Beagley, property agent at WSB, Leeds.



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