Marking a significant milestone, Ison Harrison celebrates its anniversary as an employee-owned firm with a substantial profit distribution.
- In 2023, Ison Harrison reported a record turnover exceeding £22 million, marking a 16% increase from the previous year.
- All 270 qualifying employees are set to receive a £4,000 profit share, emphasising the firm’s prosperous year and commitment to its staff.
- The firm’s commercial division and legal aid team demonstrated exceptional growth, alongside notable achievements in the property division.
- Ison Harrison expanded its presence in Yorkshire, opening its eighteenth office and planning further expansion in 2024.
Ison Harrison, celebrating its second year since transitioning to an employee-owned model, acknowledges the dedication of its employees with a £4,000 profit distribution to each of the 270 qualifying staff members. This comes as a result of the firm’s remarkable performance in 2023, achieving a record turnover of over £22 million, which reflects a 16% growth compared to the previous year’s £19 million. The year 2023 stands as the most successful in the 46-year history of the firm.
The firm’s commercial division notably increased its turnover, while the legal aid team’s acquisition of prestigious contracts doubled its departmental turnover. This impressive growth trajectory was mirrored in the property division, which exceeded £6 million in turnover despite challenging market conditions. The achievement of Lexcel accreditation further underscores Ison Harrison’s commitment to quality in client care, compliance, and practice management.
Advancing its regional expansion strategy, Ison Harrison opened its eighteenth office in Doncaster in 2023. The firm is poised to continue this growth trend with the opening of a nineteenth office in Queensbury, Bradford in 2024. Jonathan Wearing, managing director of Ison Harrison, emphasises the collective effort that has led to the firm’s achievements, stating the year set a foundation for future success and eventfulness.
The transformation to an employee ownership model has been pivotal for Ison Harrison, providing employees with a tangible stake in the firm’s success, thus fostering a strong sense of empowerment and dedication. This shift has not only allowed the firm to attract top talent but has also ensured stability and continuity for its existing workforce, underpinning its competitive position in the legal industry.
Ison Harrison’s substantial profit distribution marks a noteworthy achievement and highlights the strength of its employee ownership model.
