Growing Newcastle law firm Square One Law could soon be set to launch a second base in Teesside.
The firm, which is based at the Fleming Business Centre in Jesmond , has grown substantially since it was founded in 2011 and is estimated to generate revenues of £6m in its next accounts.
Square One has put off expanding outside of its single office, choosing instead to focus on developing its internal IT capabilities. But now that the work has been completed, senior partner Ian Gilthorpe said that the firm may look to open its second office in Teesside.
Mr Gilthorpe said: “We are doing an increasing amount of work on Teesside and that is an option.
“We haven’t looked at our options until we have got this IT system sorted and we have been growing pretty rapidly here.”
He added: “We are doing an increasing amount of work on Teesside, and I think that it is very interesting the way the mayor and the Combined Authority are doing a great job of promoting Teesside.
“So I think this is an area where we have an interest.”
Square One has been acting for a range of clients on Teesside, including Ablem which has instructed the firm to provide advice during the decommissioning of the Brent Delta Platform.
Back in Newcastle , Square One has grown its headcount to around 70 members of staff since the firm launched in 2011.
This week the firm continued its growth after hiring Adrian Hill to work as joint head of property. He will work alongside co-head Barney Frith.
Mr Hill has worked at a number of major law firms including Muckle LLP and Eversheds, where he was head of real estate in Leeds.
During his three decade long career Mr Hill has worked for a range of clients such as Muse, Langtree, Urban Splash, Taylor Wimpy, UK Land Estates, Rushbond plc, Igloo, IVG and Northumberland Estates.
Commenting on his appointment, he said: “Square One Law is at an interesting stage of its development as it now looks to scale up. The challenging marketplace means all businesses need a clear strategy, strong leadership and focus on customer demands.
“I’m looking forward to being part of the team who will help the firm develop and continue to act for leading businesses in the region and nationally.”