Horwich Farrelly achieved significant growth in its last financial year, with turnover rising by 21% from £28 million in 2014-15 to £34 million in 2015-16.
The defendant firm says that several new major client wins and an 18% increase in volume of instructions contributed to the firm’s success during the past year, as well as the integration of the former Greenwoods personal injury team.
The last financial year also saw the installation of John O’Roarke as chairman and the appointment of Thomas Reynard as chief operating officer. In addition, new partners Alistair Graham, Mark Dickson, Martin McKenna and Tony McLoughlin were hired to support the firm’s expansion into non-motor areas, such as EL/PL.
With three new partners also appointed internally, the total number across the firm’s six offices increased from 28 in 2015 to 35 in 2016.
“2015-16 has been our most successful year yet,” said O’Roarke.
“As well as increasing turnover by over a fifth, our headcount grew by 10% to 730, in order to ensure we can meet the needs of our expanding client roster. With a number of important new clients coming on board during the past 12 months – the most recent being AXA and ERS – I believe this all goes to demonstrate the credibility we have built in the insurance sector.”
“2015-16 presented a number of exciting opportunities for the firm,” added O’Roarke.
“This included the integration of the former Greenwoods PI team into our Large & Complex Injury Group, now operating from our offices in the City and Southampton, and making us the leading catastrophic injury adviser in the UK.
“Whilst there are a number of uncertainties arising from the Government’s reform agenda, Horwich Farrelly is re-shaping its strategy to adapt to whatever the future holds. With the launch of our new branding last February, the continued expansion into non-motor work and a firm commitment to the development of our people, systems and processes I believe Horwich Farrelly is building a strong foundation for strategic growth over the years ahead.”
Pictured John O’Roarke, chairman (left) and Thomas Reynard, chief operating officer, Horwich Farrelly