Posted by Graham Street, Partner
Royds Withy King continues to climb the legal rankings
Royds Withy King has climbed six places to be ranked 79 in the Lawyer’s UK 200 – an independently-researched league table charting the annual rise and fall of the UK’s law firms, published today (17 September). The firm’s new ranking …
Royds Withy King has climbed six places to be ranked 79 in the Lawyer’s UK 200 – an independently-researched league table charting the annual rise and fall of the UK’s law firms, published today (17 September).
The firm’s new ranking comes on the back of another strong financial performance, with revenues reaching £36m in 2017-18 as a result of sustained growth following the 2016 merger between Withy King and Royds.
The combined firm, which employs around 500 people in central London and across its network of offices in Bath, Swindon, Marlborough and Oxford, is gearing up for further growth in 2018-19 with a strong sector focus and the development of specialist niche areas, including a new Drone Law team led by partner and former RAF air traffic controller Philip Banks-Welsh, and a Brexit task force headed up by Norwegian partner Claus Andersen.
Another robust financial performance
Managing Partner Graham Street said: “We are delighted to have climbed further up the ranks of the UK’s top 100 law firms following another robust financial performance. This continues to be a challenging environment for law firms but we have a clear growth strategy and a plan to differentiate our brand and expand our service offerings in an increasingly crowded and discerning market place.
“Around half of our growth over the last 18 months has been organic, driven by our three main practice areas which cover corporate and commercial, private client, and personal injury/clinical negligence. There is real strength in the diversity of our business model and the depth and breadth of services we are able to offer to our clients nationally and internationally – as well as in our regions.
“Investment in our sector teams is also starting to pay off, with our Health and Social Care team establishing itself as a major player and a series of significant client wins helping us to build credibility and market share. We have also benefitted from 10 new partner hires over the last 12 months, further bolstering our expertise in key areas.”
Bullish despite uncertainly around Brexit
Royds Withy King’s outlook for the current financial year remains bullish despite the uncertainly around Brexit and other challenges facing the legal sector, with further growth predicted.
Looking ahead, Graham Street added: “We will continue to focus on sustainable growth, building on our sector strengths and our expertise in niche areas with our lawyers focussed on working together to deliver a joined up, multi-disciplinary, forward-looking service to our clients.
“Our people strategy is an integral part of our business plan and we will be aiming for a ranking in the Sunday Times 100 Best Companies to work for in 2019, for the sixth year running. We are putting a lot of emphasis on building employee engagement and collaboration, as it is our people who help to differentiate our brand and cement our position as lawyers that take the time to understand and anticipate their clients’ needs by identifying current and future risks and opportunities and coming up with practical solutions and the best outcomes.
“In parallel with this is our ongoing investment in our Business Services teams with directors being appointed for the first time to head our Marketing and BD, Operations and IT departments. We see this as critical to building a dynamic, agile, responsive law firm fit for the future.”
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