Legl Growth Series | How Law South Firms Are Growing 8% a Year on Their Own Terms

Built to Stay: How Law South Firms Are Growing 8% a Year on Their Own Terms

Law South is a network of seven independent UK regional law firms, with combined turnover of approximately £155 million. In this conversation with Mark Day, CEO of Law South, we uncover why these seven firms are quietly outpacing the market on organic growth.

These seven firms have their own captive insurance company, professionalised their practices and build strong leadership teams. This is a look at how Law South firms do things differently.

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Law South firms are achieving an average organic growth rate of 8% in the last year, with the fastest-growing member firm hitting 14%
Just 5 years ago, the average member firm had gross fees of around £15 million; today the average is £22 million with the largest member topping £45 million
Mark Day shares how the firm designed, developed and rolled out a single Risk & Compliance Standard with all firms audited against in by Sept 2024
The group's captive insurance company, Meridies sits alongside an open-market PII programme that has been honed every year for decades
Despite strong interest from PE firms, member firms have not seen the need for external capital

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Built to Stay: How Law South Firms Are Growing 8% a Year on Their Own Terms

The full story: what's inside the article

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