Newcastle law firm Sintons is embarking on a major growth drive, which aims to increase the firm’s turnover to £20m over the next five years.
The firm said it hopes to hire an additional 50 lawyers to its office on Barrack Road, in the city centre.
To help oversee the expansion, Sintons has appointed personal injury specialist Mark Quigley as the business’ first managing partner.
Mr Quigley said: “Over the next five years we would like to get £20m gross fee income. That is challenging.
“We want that because we will have the best people working for us and working for the best clients. That is about us achieving excellence.
“What that means is we do a fantastic technical job and we do it in a way that our clients appreciate and value.”
The role of managing partner was created to streamline Sintons’ strategic decision making process.
In the past major decisions were made by the firm’s 11 equity partners in collaboration with a senior management team. The lengthy process often caused delays to important decisions.
“We concluded that we had got to the size where that process was becoming a little bit of an impediment and it wasn’t assisting us in delivering some of the growth that we felt we needed in the business,” added Mr Quigley.
“Fundamentally it meant that some decisions that required quite a lot of advanced preparations, a lot of scoping, and strategic thinking and planning, tended to go on the back burner.”
With recruitment being at the heart of Sintons’ growth strategy Mr Quigley has already met with a number of the firm’s external recruiters to explain the business’ needs.
Sintons will be looking to increase its headcount across the board but has identified the catastrophic injury, contentious probate, and private client work as areas it particularly wants to grow.
The new strategy is major step change for the firm, which has seen its turnover fall in recent years.
For the year ending January 31 2015 the firm brought in £15.1m, but this fell to £14.2m during the following year. The firm’s turnover is expected to fall to £13.5m for the year ending 2017.
Sintons turnover was impacted by changes in the legal market made by Lord Justice Jackson, surrounding costs associated with personal injury claims. The Jackson Reforms – as they are colloquially known – were designed to improve access to justice but led to turnover falling at large number of personal injury law firms.
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