360 Law Group increases turnover 65% year-on-year since 2014
360 Law Group has increased its turnover by 65% year-on-year since its incorporation in 2014 across both its regulated and unregulated law practices, it announces today (4 September). The firm says that its low overhead remote working model and use of proprietary technology has enabled it to grow cost effectively, delivering significant cost reductions to its clients, whilst providing realistic returns for its lawyers.
Since lockdown, the Group has also recruited 45 new lawyers, including 12 in the UK, to extend its areas of legal specialisation and facilitate its expansion into 24 new jurisdictions, driven by client demand.
With 240 consultant lawyers now operating in 63 countries, 360 Law Group’s client numbers have grown, with a notable shift in client type – rather than small and mid-market clients, the firm is now attracting upper mid-market and enterprise clients including numerous NASDAQ, FTST 250 and 100 listed companies, multinational organisations and Government departments.
Robert Taylor, CEO & General Counsel of 360 Law Group, says, “We believe that this level of growth will be sustained, or even surpassed over next few years, following the launch of 360 Business Law America in January 2020, and the planned opening of our office in Asia. One key reason for our success in the UK and across the global operation is our use of technology, especially our own proprietary systems – that enable us to operate efficiently and trade cost effectively, ensuring high quality legal services at low fees for our clients.
“In addition, with one of the highest fee shares on the market, we’ve been able to entice some of the best legal minds in the industry to join our team. And we are continuing to recruit across all our new jurisdictions to deliver the highest level of coverage across corporate, commercial and employment law – always with a minimum of five years’ post-qualifying experience in their chosen area of specialisation,” adds Robert.
Watch editor Caroline Hill interview Taylor at 3.30pm BST today on Litera TV. https://www.litera.com/litera-tv/