Following unprecedented growth over the last two years, Setfords are delighted to appear in The Sunday Times 100, Britain’s Fastest-Growing Private Companies.
The league table takes on the baton from The Sunday Times Fast Track 100 series, which celebrated the country’s leading entrepreneurs for 24 years. The 2022 league table is supported by Barclays Private Bank and DHL Express. Setfords is the only law firm to appear in the league table this year.
Founded in 2006, Setfords was the UK’s first full-service law firm to launch a consultancy model. Since then, the firm has gone from strength to strength, experiencing the most prolific period of growth in the last two years.
In 2021, Setfords had a turnover of £17.9 million, which has turned into £34.7 million for the last financial year.
Setfords’ Business Development team generated approximately £10 million in fees for Setfords’ consultants in 2021 – double the 2020 total.
Setfords entered The Lawyer Top 100 for the first time in 2021, following a 96% increase in revenue. This followed entering The Lawyer Top 200 for the first time just one year previously, in 2020.
Setfords continues to attract the best legal minds in the industry. In the last financial year alone, there has been a 41% increase in consultant lawyers, with 109 joining in FY20 and 108 in FY21.
Co-CEO Chris Setford says:
“We are thrilled that the firm’s phenomenal growth has been recognised by The Sunday Times 100, Britain’s Fastest-Growing Private Companies. Our business growth has all been organic and shows the gap in the market that the firm fills – offering lawyers a better way of working with total autonomy and freedom.”
Co-CEO Guy Setford adds:
“Setfords’ inclusion in The Sunday Times 100, Britain’s Fastest-Growing Private Companies is a testament to the hard work and dedication of both our lawyers and support staff. Such phenomenal growth shows the appeal of our consultancy model for lawyers, and the firm looks forward to continuing to provide an amazing service to clients in the years to come.”
Jenny Powell, Associate Director – Head of Sales, says:
“Everyone at Setfords is delighted to see the inclusion of the firm in this prestigious list. Despite the challenges we faced during Covid, Setfords has always put the wellbeing of staff and lawyers first. It’s a great place to work and we are so proud to be part of its success.”
Setfords’ inclusion in The Sunday Times 100, Britain’s Fasted-Growing Private Companies is in addition to a number of awards and accolades that the firm has received in the previous two years, including entry to The Lawyer Top 100 for the first time in 2021, and the award for Regional Law Firm of the Year at The Legal Business Awards.
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