I’m a big advocate of the partnership model, but it doesn’t have to be the favoured corporate structure for every professional service firm. Good to see a legal business making a success of an alternative approach, especially with the adverse publicity of others in the legal sector.
In July this year, Gateley posted another strong round of financial results, with a double digit increase in revenue of 16% to £77.6m. In addition, adjusted EBITBA increased 16% from £12.9m to £14.9m, while profit before tax rose 19% from £11m to £13.1m. Net assets grew from £12.7m to £17.4m.