Leading UK legal services business Lawfront has reported impressive financial growth for the year ending 31 March 2024, with revenue tripling to £47 million and profitability soaring fivefold to £8 million.

Following the year-end, Lawfront acquired Slater Heelis, a prominent North West firm, boosting annualized revenue to over £70 million. Backed by private equity fund Blixt, Lawfront partners with regional firms, including Fisher Jones Greenwood and Nelsons, fostering growth through investments in people, technology, and acquisitions. Annual revenues are projected to surpass £100 million soon.

A highly experienced central Lawfront team brings expertise in operations, IT, marketing, finance, risk management and people, accelerating the growth, and operational and client service improvements, that firms can achieve stand alone.

Neil Lloyd, CEO of Lawfront said: “Our recent trading proves that our model of working with leading regional brands and talented management teams delivers exceptional results for our partner firms.  All our firms have grown their revenue and profits under our ownership and our results are a testament to the talent within our teams and our relentless focus on our people, growth and innovation.

“Others have entered the market pursuing similar strategies to ours but as first mover, we have momentum that will be hard to match.  We are seeing rapidly growing interest in our proposition as it addresses the major concerns of succession, legacy and the scale of investment required to remain competitive.”

He added: “Our recent performance sets a strong foundation for achieving our goal of entering the top 15 UK regional law firms list within the next year, and our longer-term goal to become one of the top 10.”