Sunday, August 9, 2020

Profits and revenue jump at Knights

Revenue and profits are on the up at Knights, the legal and professional services business, according to half year results for the six months ended 31 October 2019.

Revenue at the firm, which has offices in Derby and Leicester, increased 34% to £32.0m, growing from £23.9m in the same period of 2018. Meanwhile profit before tax rose by 20% to £5.3m.

David Beech, CEO of Knights, said: “The Group has delivered another period of strong, profitable growth including double digit organic growth. This performance, combined with our investments in the hiring of fee earners and operational support colleagues, premises and systems, positions Knights well to continue to build the leading legal and professional services business outside London.

“The clear momentum we have in recruiting strong talent, the successful development of prior period acquisitions and the acquisition of two high calibre businesses in the second half of the year, underpins our confidence that the Group will meet the Board’s expectations for the full year.”

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