Foot Anstey's record of strong year-on-year growth has continued with the firm reporting turnover of £47.2m for 2019. This represents growth of 9% since 2017/18, and 95% in the past six years.
Revenue from clients within the firm's core industry sectors grew by 9%, with the Financial Services sector enjoying significant growth. In practice areas, Islamic Banking grew by 75% and Private Equity by 85%.
As the firm enters a new strategic period, it has also conducted a review of its core sector approach. This has led to some refinements built on success and expertise:
- The Housebuilders and Commercial Developers practice areas each grew by 20%, leading to their evolution into the new Developers sector.
- In addition, Foot Anstey's stand-alone expertise in the fields of Energy and Private Wealth has led to the creation of two new sectors.
- 'Media and Technology' becomes 'Media and Entertainment' and 'Retail, Leisure, Food and Drink' becomes 'Retail and Consumer' – in both cases to reflect a more focused offering.
Managing Partner John Westwell said: "Another year of strong growth is very pleasing, given an uncertain wider business environment.
"Our push for market share through a focus on our established sectors and retaining high-quality talent continues to pay dividends. Our sector review will provide further focus for our teams, ensuring we continue to be active participators in those industries we operate in and can really understand their business challenges to tailor our advice accordingly.
"Notable new client wins include Welcome Break, Goonhilly Earth Station Ltd, and private equity firm Livingbridge – the compliance programme for which has twice been award shortlisted.
"Meanwhile, our sister firm Enable Law has quickly developed a strong market and online presence in its first full year of operation.
"We are extremely well prepared for the year ahead as we begin our new strategic period. Our consistent focus on delivering client value will remain, even as our strategy and offering evolves."
Significant project successes in the year include advising on the £1.6 billion Pivot Power electric vehicle recharging network – the world's biggest.