Much like the ambitious businesses we support, we’re on a path of growth and evolution. We're pleased to share that we have marked another step forward on that journey, closing out our last financial year with a 25% revenue increase to £12.2 million. With a three-year trend of 33% average annual growth and 400% compound growth since launch, we’re powering forward towards our target of £27 million by 2028.
This year marked ten years since our Founder and CEO, Toby Harper, set up the firm with a vision to provide accessible legal services built on a model of senior remote-working lawyers and unique service and subscription plans, through which the firm has now supported over 5,000 clients.
In September, we announced a rebrand of our service and subscription plans to better reflect the outstanding value and support they offer our clients, whatever their size or stage in the business life cycle. Over 1,000 clients now subscribe to our flagship Enable plan, which offers a 50% discount on our standard rates to start-ups and smaller businesses.
Other significant developments this year include growing our headcount by 25% to meet the increasing client demand for legal support. The firm is now a team of over 140 legal and business support professionals, with strategic senior hires and enhanced capabilities in key areas such as Corporate, Commercial, Commercial Property, Employee Share Schemes and Intellectual Property, and an expanded presence across England and Wales with new office space in Cardiff.
We have also strengthened our leadership team with the establishment of a new management board, including appointments of Chief Technology Officer, Craig Mellon; Chief Legal Officer, Adam Kudryl; Chief Quality and Compliance Officer, Sarah Gunton; Chief Marketing and Client Experience Officer, Helle Asquith; and Chief Sales Officer, Troy Broughton. They will play a pivotal role in supporting and driving our strategic vision.
Our commitment to leveraging technology to improve our services and elevate client and colleague experiences has led to us securing a Knowledge Transfer Partnership with Aston University, funded by Innovate UK. Through this partnership, we’re developing our AI-enabled Intelligent Legal Service Platform – a pioneering system that will transform critical processes and workflows across the business to enhance client experience and drive internal efficiencies and fulfilment.
Championing a progressive people agenda is a top priority for us and this year, our efforts were recognised when we were awarded the WM People Top Employer Award for Best SME, reflecting our dedication to a flexible working environment and retaining our unique culture and values as we continue to scale. Our achievements have also garnered recognition in various industry awards, including being shortlisted for the Growing Business Awards and an inclusion in this year’s UK Fast Growth 50. Fostering growth and success in entrepreneurial business has and always will be at the heart of what we do and that’s why we’re proudly sponsoring the 2024 Foundervine’s Founderfest event and Future Awards, which champions innovative entrepreneurs from diverse backgrounds.
Founder and CEO, Toby Harper, comments:
This year marks a milestone in our ambitious growth journey and dedication to empowering growth-oriented businesses with top-tier and accessible legal services, while fostering fulfilling careers for our people. We’ve always taken a unique approach, aiming to redefine both client and colleague experiences in legal services, which we believe is the key to creating real value for everyone involved. We’re grateful to all our clients and people for playing a part in our journey so far and we're excited for what's next.
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