A leading local law firm has reported an 18% rise in its annual turnover.
Stephens Scown posted revenue of £17.85 million for the year ended April 2016, up from £15.1 million in the previous year.
The firm has continued to expand its client base in Devon and Cornwall and pursued a strategy of organic growth. Revenue growth has been mirrored by people growth, with staff numbers rising by 7% during the year to stand at over 290, including 50 partners.
Stephens Scown has increased its levels of business across the firm, but one of the standout areas has been its corporate and commercial team which has grown by 25% to become one of the largest in the region.
Nearly half of the firm’s work is deals related, with the corporate team working on over 100 deals during the year.
Managing partner, Robert Camp, said: “This has been a fantastic year for Stephens Scown – perhaps our best yet. We’ve continued to grow our levels of work and income at impressive rates, and invested in our people too.”