Bolton and Bury-based law firm Clough & Willis has reported strong growth across its key departments over the past six months when compared to the same period last year.
On analysis of the firm’s half year performance when compared to the two pre-pandemic financial years, Clough and Willis’ overall net profitability has increased by 67% and 138% respectively and by 59% when compared to 2020.
As a result, the business is aiming to expand its fee earning team by 10% by the end of this financial year. The new appointments will be within the residential and commercial property teams and the private client department.
Lee Marston, managing partner at Clough & Willis, said: “COVID has affected almost every business and we too suffered a drop in demand as the ‘new normal’ set in last year. However, 2021 has proven to be strong for us as these results clearly demonstrate. The stamp duty holiday played a significant part in the surge in demand for our residential conveyancing services and even though that has now come to an end the team is still incredibly busy and things aren’t showing signs of slowing down. There is clearly a continuing confidence in what appears to be a robust market. The private client department also remains very active as a people continue to want to get their affairs in order because of COVID. As a result, we have recently recruited a new person to our fee earning staff.
Lee added: “One of the most encouraging trends has been the uplift in work for our commercial property and the corporate teams. This time last year, businesses were scared to invest but there is a renewed sense of optimism that is making them plan for the future.
He concluded: “Despite the challenges that COVID has thrown up, I am immensely proud of how the whole firm has pulled together. Our team has gone above and beyond of what is expected of them with everyone doing everything they can to add value and help weather the storm. All of this has ensured a platform for growth as we continue to invest in technology and our young talent so our clients can continue to receive the high level of personal service we strive for.”