Keystone Law is aiming to more than double its turnover within three years to £25m by attracting 50 new lawyers to its ranks.
The recruitment drive comes as the firm posted turnover of £11.2m at the 2011-12 year-end, a rise of 14.3 per cent on last year’s £9.8m. Managing partner James Knight said the firm wanted to take on an additional 50 lawyers within the next six months to underpin growth.
The firm has appointed Kennedys partner Cordelia Rushby to kick start the recruitment drive. Rushby, who specialises in employers’ liability and public liability claims for insurers, joins Keystone after five years with Kennedys.
Knight said that Keystone’s focus over the last three years had been on building infrastructure to support its model.
"We’re coming to the end of our three-year infrastructure plan. Its been an uphill slog because we’ve had to create our own software," Knight explained.
He continued: "We’re now in a position to respond to strong demand by taking on a significant number of new lawyers. We’ve set our target at 50 because we know with absolute certainty that our new systems and facilities can accommodate the demands."
The aim is to hit £25m within the next three years, which would represent growth of 123 per cent.
Keystone launched in 2002 and currently employs an average of 100 lawyers who work on a ‘dispersed’ model. The firm’s clients include ING Real Estate, Lloyds Pharmacy, LoveFilm and Neal’s Yard.