The Midlands’ buoyant property market has seen one of the region’s law firms record its biggest ever turnover.
Coventry-based Band Hatton Button solicitors achieved £4.5 million turnover in the 12 months to April 5, 2018, an increase of six per cent on the previous year.
A significant driver of growth came from the firm’s commercial property department.
Key commercial property deals include acting for Irwin & Wilcox Support Services on the sale of various multi-million pound care homes across the West Midlands, assisting SMEs expanding into bigger premises, and ongoing consultations with national retailers.
Band Hatton Button is also seeing growth in other sectors such as residential property, Corporate and Commercial, Wills, Trusts & Probate, and Family.
The news comes after the firm recently celebrated five years since Band Hatton, Button Legal and Varley Hibbs joined forces to become Band Hatton Button. The firm has grown from 62 staff members to 83 in that period, with further plans to recruit in the future.
Mark Moseley, managing director at Band Hatton Button, said: “Our performance as a business reflects the wider financial mood of the Midlands, and the signs are very encouraging.
“From the almost 4,000 new instructions we received last year, we can see that businesses are expanding, more people are buying houses, and increasing numbers of people are protecting their assets, which is encouraging news for the region.
“That said there is still a lot of financial uncertainty across various sectors at a national and global level, so this is a fantastic achievement by the whole team.
“We also have several initiatives in place that will help us to grow even further in the future. This includes addressing and evolving our digital offering and adapting to suit consumer habits and preferences.
“Our board is also now an Alternative Business Structure, which allows us to attract investment and expertise beyond the law sector should the need ever arise.
“Our lawyers have loyal sought-after clients which we are incredibly proud of, and over the coming months our focus is on adding more high calibre staff to our teams to meet demand.
“Coventry is an exciting city to do business in, which will only heighten as we get closer to the city becoming UK City of Culture in 2021, and as a leading business in the city, we need to ensure we are ready to capitalise on the commercial benefits when the city is put onto the national stage.”