Moore Blatch reports successful year
Southampton based Moore Blatch has reported a successful year despite the economic climate.
The partners’ proactive approach to last year’s downturn has led the firm to see a twelve per cent rise in turnover, from £13.5 million to £15.1 million in 2009-2010.
Moore Blatch Managing Partner, David Thompson comments: “Last year was tough for everyone.
“After conducting a spending review throughout the firm, we introduced several cost-cutting measures that significantly reduced the firm’s expenses.”
The firm also effectively reduced ten positions earmarked for redundancy to four with internal transfers to growing areas of the business.
David Thompson continues: “Our corporate department was incredibly successful, ending the year 20 per cent above budget, nearly doubling its profit.”
As confidence grew, the partners made a number of key recruitments, including; corporate partner Simon Arthur and an assistant solicitor from Newbury practice, Horsey Lightly, David Charlesworth from Michelmores as partner and head of wealth management, former Field Fisher Waterhouse industrial disease specialist Michael Osborne in Richmond and Polish personal injury lawyer Wiktor Buza in Southampton. These additions helped strengthen existing departments and provided new scope for existing work.
Litigation and personal injury continue to be the firm’s largest growth areas with professional negligence singularly generating £1.2m.
David concludes: “We are always looking for growth opportunities with a view to sealing our regional presence.”