Profits on the up at Irwin Mitchell

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Irwin Mitchell has boosted its income by 5.3 per cent to more than £200 million and increased profits by 3.1 per cent to in excess of £19 million.

The figures follow a year in which the Sheffield-based, national law firm became the first legal business to gain multiple licences to operate the new Alternative Business Structure.

Law firms adopting the new structure are allowed to bring in non-lawyers as senior managers and partners and can raise equity finance to fund growth.

Irwin Mitchell chief executive, John Pickering, said the last year had been another very strong year for the group.

Passing the £200 million mark was a significant milestone.

“This latest set of results shows that we are a strong, well-managed business and on that basis, we are confident of delivering further growth in the coming financial year and beyond.

“We are in a good position to grow significantly and to take advantage of the right opportunities when they come along,” Mr Pickering added.