Record turnover growth for Wake Smith Solicitors

Sheffield’s Wake Smith Solicitors has achieved double digit growth in fee income for the first time to take its annual turnover to £6.35m. 

The established city centre based firm, which employs 40 fee earners and provides legal services for businesses and individuals, has reported a fee income of £6.35m which represents a 17% increase from last year. 

In the last year, Wake Smith has invested heavily in technology, processes and business development, making key hires in its employment and family teams and well as building its busy private client,corporate, residential conveyancing and commercial property teams.

Key successes included attracting a host of new clients, involvement in some of the most high profile commercial transactions in South Yorkshire plus award wins in Yorkshire Dealmakers of the Year and Yorkshire Business Woman of the Year with a tranche of upcoming shortlistings in various business and sector awards yet to be announced.

In January, the firm, which moved to its Tenter Street base 10 years ago, was also awarded the internationally recognised Gold Investors in People accreditation, which sets the standard for people management, for the first time in its history.

Paul Gibbon, Joint Managing Director at Wake Smith Solicitors, said: “This level of performance in a highly competitive market is testament to the hard work all employees have put in, and the collaborative and supportive culture we have. 

“It has been a year of positive change with adaptations to new ways of working, new procedures, new technology, new pricing models and new business development strategies. 

“The additional growth to the business creates a platform to further refine financial performance. 

Liz Shaw, Joint Managing Director at Wake Smith added: “This positive change, coupled with our financial results, really highlights what we can happen when we work together with a shared sense of purpose. Our people and culture are incredibly important to who we are, what we have achieved and makes Wake Smith a great place to work. They are the drivers of our success. We will keep the momentum going and see what more we can accomplish in the year ahead.”

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