A SOLENT legal firm is celebrating a strong financial performance with underlying growth of more than 15 per cent.
Coffin Mew, which has offices in Portsmouth, Southampton and Gosport, achieved the growth on its core operations for the financial year to 2014.
The figure marks a strong performance by the firm following the sale of its social housing business in early 2013.
It also reflects a busy year across all parts of the business, including corporate and private client services.
Nick Gross is chairman of Coffin Mew.
Mr Gross said: ‘These financial results are evidence of our continued, steady year on year growth over the last two financial years.
‘It was a strong year in the commercial market, with a large number of transactions in the corporate and property fields.
‘Additionally there was a continuous requirement for advisory services to businesses, which includes dispute management and resolution.
‘The firm’s full service model continues to serve us well, as demonstrated by the strength of our private client services team. Our strategy for driving the business further forward has been, and continues to be, focused on long-term sustainability and focused investment in our core service offering and infrastructure, rather than short-term gain.’
Coffin Mew has also recruited 11 new members of staff to its team in the last three months.
Miles Brown, is managing partner at Coffin Mew.
Mr Brown said: ‘We are delighted with the growth of the firm this year which has seen us welcome highly talented new recruits across the business.
‘Skills shortages within the profession remain a concern, particularly with the opportunities that are open to the next generation of lawyers to diversify within the private sector.
‘However, our flexible structure enabling strong career progression has meant top talent joining our firm.’
He added: ‘It is our view that corporate, dispute resolution and private client services will continue to grow throughout 2015 into 2016.
‘In the south east particularly, the commercial market is showing no signs of slowing.’