Anthony Collins Solicitors awards staff bonus of 5%

• Records annual turnover of £22.3m, with profits of £5.38m – up 15%
• Strong financial results matched by the national law firm’s social impact
• Firm announces a 5% profit share bonus for 240 staff and plans for growth

Anthony Collins Solicitors (ACS) is today (23 June, 2021) releasing its annual results for 2020/2021.

The firm’s social impact focus is matched by solid financial results, with ACS recording an annual (1 May 2020 – 30 April 2021) turnover of £22.3m, with profits of £5.38m – up 15% on the previous year.

To mark its resilient performance, the nationally recognised law firm, which operates offices in Birmingham and Manchester, is also announcing that 240 staff will receive a 5% of salary profit share bonus.

This follows the law firm’s landmark work during the last year, including acting on a £50m ESG funding agreement between Nottingham Community Housing Association (NCHA) and NatWest. A deal which will see NCHA create 2,100 new homes, with the ability to unlock lower debt interest rates by hitting set environmental, social and corporate metrics.

The firm has also started working on a decarbonisation project that will entail making changes to many buildings owned by Newcastle-Upon-Tyne City Council or are for public use, including libraries, museums, leisure centres, schools, etc. This work will help reduce the carbon footprint for the city. The City Council has been awarded a £26 million grant through the Public Sector Decarbonisation Scheme to pay for these works.

During the past year, ACS also helped raise £1.4bn from funding projects to build 7,000 affordable homes and recovered £28m compensation for clinical negligence cases. This is as well as registering 63 new charities and enabling 384 vulnerable children to find better living arrangements.

ACS is planning to build on its results by accelerating recruitment across its offices. The firm has already appointed seven new partners, with Suzanne Gregson recently joining from Brabners LLP to help grow the firm’s practice in Manchester. Further lateral hires are already moving ahead.

As part of its expansion plans, the firm is also aiming to build its private legal services team, which experienced a 24% growth in client work over the past year.

Peter Hubbard, senior partner at Anthony Collins Solicitors, said:

“It has been a landmark year for the firm. We want to build on this, moving forward with our colleagues and client partners to continue delivering a positive social impact across the UK.

“In recognition of the extraordinary commitment of everybody working at ACS during the pandemic, I am delighted we are awarding a 5% of salary profit share bonus to all staff so we all share in the firm’s success. We have worked in challenging circumstances during lockdown and have fundamentally changed the way in which we do business. ACS colleagues have been extremely flexible in their approaches to work and we want to recognise and reward them for this.

“Our focus is on growing the firm’s national presence. This involves recruiting more talented people who share our values. We also want to empower staff. This is one of the reasons why we have recently created a legal director position, which is providing increased flexibility to career paths at ACS.”