Ward Hadaway Year End Figures | 20 June 07

Regional law firm Ward Hadaway has announced its year end figures for the year 06/07, ending 30th April 2007, with turnover growth of 16% to £25m and Profit per Equity Partner (PEP) improving by 10% to £405,000.

Ward Hadaway Managing Partner, Jamie Martin, said: “These figures represent yet another year of double digit growth for Ward Hadaway. We have now achieved an average annual growth rate of 13% for the last ten years.

“Last year saw good growth and performance across most business areas with especially strong performance once again from our Property and Litigation departments.

“Our Employment team had an exceptional year. Our work book has never been stronger as we move into 2007/08 and we are well placed for the delivery of our expansion plans over the next year or two.”

Highlights of the year include the £90m acquisition of the LivingWell chain of health clubs for Bannatynes, the firm’s appointments by the five Tees Valley Local Authorities on a five-year contract, to the South Yorkshire Health Consortium Panel and to County Durham and Darlington NHS Foundation Trust.

During the year Ward Hadaway undertook a number of acquisitions for Sage and represented Ultimate Leisure plc and Tanfield plc in rights issues. The firm now acts for 21 of the North-East’s 40 plcs.

During the year, staff numbers have increased to nearly 400 and the firm made a number of important lateral hires including Andrew Hoyle from Watson Burton and Melanie Pears and her team from Eversheds.