BWB has today announced its financial results for the last financial year. The firm achieved revenue growth of 12%, increasing from £18.26M to £20.38M.
The Corporate & Commercial practice has seen considerable growth in its key sectors of technology, financial services and digital media. Other practices in the firm such as Employment, Real Estate and Charity & Social Enterprise all saw an increase in turnover, which was boosted by lateral hires and key tender wins.
The past year was one of significant change and investment for the firm. BWB converted to an ABS, allowing it to hire accountant Jim Clifford and his team to create ‘BWB Impact and Advisory’, to diversify and improve its offering to clients within the growing social investment market. The firm has also invested in modern, open plan riverside offices.
Martin Bunch, managing partner, commented: “Our 2014/15 results demonstrate our steady but significant growth, with revenues exceeding £20M. Converting to an ABS has provided us with opportunities to work with our existing clients in innovative ways. This year we have made investments and hires to create BWB Impact and Advisory, but also to grow our Corporate & Commercial team. This work increasingly complements our charity and public sector expertise as new models encourage corporates to be more responsible and charities to be more commercial.”
BWB continues to focus on working for and partnering with values-driven organisations, with 60% of the firm’s clients coming from the charity, social enterprise and public sector.
To read coverage of our year end results in The Lawyer, please click here.
Posted on 20/07/2015 in BWB NewsBack to Knowledge