£8m to support law firm’s ambitious growth strategy

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Express Solicitors, the Manchester-based law firm, has signed a revolving credit agreement with the Royal Bank of Scotland (RBS) worth £8million.

The financing will support the company and give it the flexibility it needs to achieve its ambitious growth plans. It will help fund a strategy based on both organic expansion and acquisitions, as well as freeing up funds for increased marketing spend and hiring more staff, from graduates to partners.

Last September, Express Solicitors Group announced its best financial results from April 2020 to April 2021, with group revenue up 14% on last year to £31.3m and a 36% increase in workload to reach 19,015.

During this fiscal year, Express Solicitors employed 162 other staff, including a clinical negligence partner and an in-house counsel, and made 56 promotions, including six to a partner.

James Maxey, Managing Director of Express Solicitors, said: “RBS has been supporting us financially for over 21 years and has been integral to the success of the business. This has enabled significant growth through acquisitions and helped us implement a strong marketing strategy, training programs that help us promote internally and recruit top talent to serve both new customers and our loyal customers.

“We have always been a very ambitious company and this £8 million revolving credit agreement with RBS will not only help us grow, but more importantly, in doing so, maintain the high levels of service that our customers have come to expect. .”

Paul Gaynor, Relationship Manager at Royal Bank of Scotland, said: “We have known the management team for many years and believe they have the experience, expertise, ambition and resources to to achieve its goals in what can be a difficult market. .”

Express Solicitors specializes in personal injury and accident claims, clinical negligence claims and serious injury cases. It has 389 employees and is ranked in The Lawyer Top 200. Its lawyers and the firm are recognized in The Legal 500 and the firm is rated in Chambers and Partners.

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