Express Solicitors, a Manchesterbased personal injury law firm, has announced a £3m investment that will see the recruitment of 40 new employees.
In a boost to the North West economy, the firm is looking to invest over £1m on a new property and take its marketing spend from £750,000 to £1.5m over the next 12 months. In addition, a recruitment drive over the next year will see the firm will add 40 new members of staff to its management team, fee earners, support team and new client team, taking the total number of employees at Express Solicitors to 110.
Express Solicitors is making the investment in order to increase its market share and become one of the UKs market leaders in the personal injury arena. With an ambitious growth strategy, the firm plans to achieve a £10million turnover within three to four years while retaining a focus on quality, customer service and achieving the best results possible for clients.
Express Solicitors was launched in September 2000 and has enjoyed significant year on year growth ever since. In October, the firm announced a 39% increase in fee income for the year end in 2011. End of year figures were £2,994,447 for 2010 and £4,147,890 for the year end in 2011, with a pretax profit of £1,359,443.
Caseloads had also grown by 41% over the same period as a direct result of increased investment in marketing; significant growth in business driven through its website and the handling and winning of more complex cases.
Partner Robin Patey said: “The decision to make this multimillion pound investment follows changes in law firm ownership that will inevitably lead to the consolidation of smaller firms. However, with strong year on year growth since the firm was launched and an outstanding 2011, despite the economic downturn, we wanted to expand the firm rather than consolidate. Its great news for the firm and were all confident and excited about what the future holds.
“What it also means is job creation right across the board and we will start an aggressive recruitment campaign right away that will continue throughout the year as we seek to find the right people.
“Even though we had a fantastic 2011, we still only have a small market share in what is a very buoyant sector. It is our ambition to become one of the major national players; yet one which remains independent and continues to deal directly with the public rather than work through claims management companies.
“Our key asset is our staff, including a strong management team and expert lawyers who are committed to achieving excellent results for clients. Of course this team will grow and we are therefore looking at several premises in Manchester to house our expanding business.”
Express Solicitors comprises 72 employees including six partners and 36 fee earners. The firm specialises in personal injury and accident claims, medical and clinical negligence claims and serious injury claims.
For more information contact Express Solicitors on 0800 294 6250 or visit www.expresssolicitors.com
For further information contact Paula Hunter on 0773 998 9915 or firstname.lastname@example.org