Following the implementation of an ambitious yet realistic long-term growth strategy, Buckles Solicitors has delivered its highest ever turnover of £13.4M, at the end of financial year March 2022.
Performing strongly in support of its clients throughout the pandemic, this figure represents an 86% jump in revenue from a turnover of £7.2M in 2017. The result is ahead of expectations and demonstrates the strength of the strategy adopted by the firm’s senior management team.
Buckles Chief Executive Duncan Jackson commented: “In 2017, the firm set a longer-term strategic objective to become the mid-tier law firm of choice for individual and business clients, achieving a target revenue of £12M.
“Today we can report the plan is delivering ahead of schedule. And whilst we have some way to go to achieve the recognition our business deserves for its technical excellence, market leading customer care and a client base built around long-term maintained relationships, progress is good.
“This year we will be announcing a raft of partner-level lateral hires. These will not only help us build on the excellent reputation we have developed in corporate and commercial law but expand the Buckles offering into new sectors and new locations.
“We constantly develop and evolve our strategic plan to reflect changes in the market. To achieve our new growth objectives we continue to explore new opportunities, some of which will see the development of non-legal services to support businesses in different ways.
“In 2014 we launched our international service, offering other law firms and professional advisers access to niche, cross-border expertise. The scheme continues to flourish, with almost 500 members helping deliver over £1 million of European legal work in the past financial year.
“The revised goal for Buckles Solicitors is to reach a turnover of £30M by 2028. Although an ambitious figure, we believe we have the right strategy, the right people and a growing presence to attract the clients that will deliver our planned revenue target, ahead of schedule again.”
Founded in 1817, Buckles is a full-service law firm employing 200 people across 5 offices in Peterborough, Stamford, Nottingham, Cambridge and the recently expanded London office. The firm holds the Investors in People Gold accreditation, demonstrating a clear focus on employee welfare and engagement.
Jackson concludes: “We recognise our people are a key strength in our growth. Buckles’ ability to attract new clients relies on the quality of work our teams deliver to build a reputation second to none. It was tough in the pandemic, but everyone stepped up and that made me immensely proud.
“We are under no illusion that the next steps in our growth will be tough. But continuing to put our clients at the heart of every decision we make, will ensure we benefit from the historically high levels of repeat business and positive feedback that has helped Buckles grow so strongly.”
