Bermans announces record year
Law firm Bermans has announced a record turnover for the financial year 2014/2015 with turnover topping £5m – a 7 per cent increase on last year.
Bermans, which has offices in Liverpool and Manchester, has launched private client and commercial departments as well as growing its employment team during the period.
Fergal O’Cleirigh, head of property and finance director said:
“We have made some key appointments at a senior level which have helped us to grow our client base.”
“The new practice areas have expanded our offering to existing clients as well as helping us to win new business.”
“Our core client base is local SMEs and improved confidence within this sector has also been a contributing factor to our growth. Our corporate team has seen an increase in instructions for transactional work and there has been a rise in activity in the property market.”
“We are also involved in several projects that involve overseas investors, particularly from China. There are very strong links between the North West and China with both Liverpool and Manchester having large and longstanding Chinese communities. This combined with a diverse business landscape and a property market which is on the upturn has created lots of opportunities for investors based abroad.”
“It is great news for the North West because it is creating wealth and jobs here at every level. We have seen an increase in instructions particularly on corporate, commercial and property transactions which are directly linked to foreign investment in the North West.”
“We are also seeing an increase in instructions from outside the North West, and in particular from London predominantly on property transactions and our niche invoice and asset finance offering for which we are nationally renowned.”
“Our reputation in this sector was further strengthened when earlier this year we were one of the first firms in the UK to secure authorisation from the Financial Conduct Authority (FCA).”
“The litigation and employment teams have also performed very well and I am delighted with our growth and the prospects for the year ahead.”
“We now intend to build on what we achieved last 12 months and continue to develop the business with strategic acquisitions and organic growth.”