Personal injury law firm, Express Solicitors has released its statutory accounts for 2024 as it continues to push its aggressive growth strategy and line up more acquisitions.
Turnover for the Manchester-based personal injury law firm has been on the up for the past few years; it announced a £42.5 million turnover in its statutory accounts for 2023 and for year ending August 2024 they show a £49.7m turnover.
The firm features in The Lawyer’s Top 100 listing, and, out of around 9,000 UK law forms, is placed at number 70. In further analysis from the Lawyer specifically regarding revenue, Express is placed second with an impressive 700 per cent revenue increase between 2014 and 2024.
The article also highlights that both revenue per lawyer (RPL) and revenue per partner (RPP) have seen substantial increases, rising by 68 per cent (from £300k to £504k) and 134 per cent (from £580k to £1.36m), respectively.
The caseload figure for Express currently sits at around 24,000.
Medical reporting agency, Ontime Reports, part of the Express Group, also increased turnover from £7.36 million to £9.9m.
Express Solicitors CEO, James Maxey said: “Our upwards trajectory is continuing and this year will be another big year for the Express Group. We’ve just renewed and doubled our funding from RBS which sets us up nicely to acquire more firms, potentially as many as four; all deals which we’re hoping to conclude imminently.
“We have big plans in recruitment, in particular with our award-winning graduate scheme as we’re doubling our law academy intake.
“Our staff count across the group is now close to 750, our in-house Costs and Advocacy teams are growing and going from strength to strength. The accolades keep coming with the graduate training scheme picking up The Princess Royal Training Award at the end of last year and more recently we were shortlisted in the Modern Claims Awards in the Outstanding Commitment to Training & Apprenticeships category.”
