Beachcroft reveals H1 financials
Beachcroft has become the latest national firm to reveal its half-year results. The figures, which were announced internally at a partners' conference in Bristol this afternoon (14 November), shows the firm posting static growth on last year's figure, with fee income standing at £54m.Beachcroft senior partner Simon Hodson (pictured) commented: "2007-08 was a year of consolidation for our business. The effects of that have continued part way into the current financial year and this was expected."
November 14, 2008 at 08:35 AM
2 minute read
Beachcroft has become the latest national firm to reveal its half-year results.
The figures, which were announced internally at a partners' conference in Bristol this afternoon (14 November), shows the firm posting static growth on last year's figure, with fee income standing at £54m.
Beachcroft senior partner Simon Hodson (pictured) commented: "2007-08 was a year of consolidation for our business. The effects of that have continued part way into the current financial year and this was expected."
He added: "However, in terms of work-in-progress we are up by 5% and we anticipate this being reflected in our figures for the rest of the year. So, in relative terms, our position remains strong. The nature of our business means the firm is to some extent recession-proof, but we live in the same world as everyone else and are subject to the same pressures."
The firm recently bolstered its clinical negligence capability with the hire of an eleven-lawyer team from Eversheds' Leeds and Newcastle offices. The team started at the firm earlier this month (1 November).
Meanwhile the firms is facing a £3m negligence claim over advice it gave former client Alexander Langsam on a professional negligence claim he had lodged against accountants and tax advisers Hacker Young, which had led to an unfavourable settlement package.
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