The U.K.’s first publicly listed law firm continues to power ahead, with Gateley announcing that its revenue increased 19 percent and its pre-tax profit soared 44 percent in the first half of the current fiscal year.
The firm has been on a sustained expansion drive since raising $45 million in an initial public offering in June 2015, which valued the firm at more than $150 million.
Gateley launched a new office in Reading, a large town to the west of London that it says is of growing importance to its regional U.K. clients, and has also used the IPO proceeds to finance the acquisition of professional businesses that service the firm’s existing clientbase. Earlier this year, Gateley paid $3.3 million for tax incentives advisory business Capitus Ltd, and followed that deal by acquiring property consultancy Hamer Associates for $2.5 million in September. The firm is now on the hunt for other targets to further broaden its offering—particularly a HR consultancy, which would work alongside its existing employment practice.
