Consolidation and downsizing have been features of the legal sector since the combined impact of the banking crisis and the Legal Services Act 2007, with many firms feeling the pinch of reduced fee spend and increased competition. However, Nottingham-based property management specialists Brady Solicitors is bucking this trend with a 150 percent increase in turnover and a trebling of staff numbers since March 2009, as managing director Clare Brady explains:
“Our growth has really taken off over the past eighteen months. We’ve doubled our client base and, in addition to taking on an additional twelve members of staff, are on track to post an-almost 400% increase in profitability. We also offer a clear route to qualification as a solicitor, which, as any recent law graduate chasing a training contract would confirm, is more valuable than ever at present.
“Our model is simple: we have a niche offering that we deliver in an economical, efficient and customer-friendly fashion. We took the decision to focus purely on the property management sector, which means we are very aware of the industry pressures our clients face and we can take a much more active and hands-on approach to the advice we offer.”