Walker Morris aims for further growth after a successful year | Yorkshire Business News

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malcolm simpson


Leeds-based law firm Walker Morris reported a year of growth in its latest financial results.

Managing Partner Malcolm Simpson outlined steps taken to manage the impact of the pandemic, investment in the company’s team and plans for future growth.

The company reported revenue of £55.2m for the year ending April 30, 2021, compared to £54.9m in 2019/20.

Pre-tax profit also increased to £25.5m from £23m the previous year.

Malcolm Simpson, Managing Partner of Walker Morris, said Initiated“Walker Morris associates are all pleased with the latest results and of course our successful year is a true testament to the hard work of everyone in the business. We have achieved a great deal over the past five years – we have grown a company and have become more avant-garde, with real ambition for the future.

“Over the past year, we have focused on investing in our team – recognizing the shifting priorities we have all experienced as a result of the pandemic and forced home working – and recently launched our industry-leading sabbatical is open to all of our lawyers from associate to director level with more than two years of service at Walker Morris and they are entitled to a maximum of four weeks paid leave in addition to their right to annual leave every two or three years.

“The historic program aims to promote a healthy work-life balance within our workforce, recognizing the industry-wide pressures of constant, long and anti-social hours. It also reinforces our broader talent investment strategy by providing a more sustainable, long-term career, managing exposure to elite, quality work City.

“Investing in talent in this way allows us to respond effectively to the needs of our large customer base, by offering a complete service offer to our national and international customers.”

As of mid-2021, the firm announced 21 promotions to ten teams. Eight new partners have been named this year, with side hires George Bacon, Rob Payne, Sarah Ward and Phil Scott, as well as promotions for Adam Reed, Cameron Baloyi Rigby, Mark Byrne and Nick McQueen.

Walker Morris has remained fully operational throughout the pandemic and Simpson outlined a number of measures the company has taken to support customers and staff.

“As a company, we had actively encouraged agile working within our workforce for the two years before the pandemic, so the transition to full work from home was a fairly smooth process for us and we have continued to provide high quality service as usual,” he said.

“To support our customers, we have created a series of documents to help them navigate the challenges many businesses have faced throughout the pandemic, with information uploaded to the Walker Morris website, reference documents Q&A and a helpline has been set up that goes directly to partners and directors for free initial advice.

“To understand the specific challenges of our customers, we made sure to communicate with them regularly and shape our services to help them through difficult times, especially at the start of the pandemic. We also started to offer more content online, including webinars and podcasts, which have been a great success and which we will continue to offer as a free and helpful resource for customers and contacts.

“While we continue to work closely with many local clients in the North, most of our work is won in the region. This creates jobs and career opportunities in my home town of Leeds that would not have traditionally been available only in London.

“In terms of protecting our employees, we recognized that our employees still wanted to feel part of the Walker Morris team despite working remotely for long periods of time. Throughout the pandemic, we have encouraged our employees, where appropriate, to contribute more to their community. too.

“It’s something we’ve been very proud of as a team over the past two years, and how our teams have risen to the challenges that have been presented to us. Our teams have shown adaptability, agility and continued to be entrepreneurial in finding positive and successful solutions for the business.”

Simpson said strong growth had been achieved so far in the current financial year, with the company on track to meet its target of being a £70m business by 2024 .

“All teams are working well, but transactional work for private equity clients and foreign investments is particularly strong,” he said.

“We have a strong vision for the future, which we have called Ambition 2024. It is a plan that has received great support, ideas and a challenge from the board to make it strong and ambitious.

“Of course this includes organic revenue growth for the business and we are aiming to reach £70m over the next two years, an increase from the starting point of £55m in 2021 and our 2018 turnover of £42 million.

“Increasing revenue is important as it allows us to invest in our people and in technology. We are very focused on ensuring that Walker Morris is an exciting and dynamic environment, where our people can grow and develop their Along with this, we also want to develop our capabilities, broaden our offer to clients and innovation aimed at supporting our way of working and making us more effective and efficient as lawyers.

“As part of our plans for the future, we are committed to investing more in our customers, understanding their needs and continuing to develop our service offering to support them. As I mentioned, we are also committed to further invest in the Walker Morris team to ensure that our employees feel supported and challenged so that we can continue to attract the best talent in the industry and retain the excellent lawyers we already have.”

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