Gateley

Lawyers 530
Turnover £162.7 million
Offices 21

Revenue at Gateley, the first law firm to float on the London Stock Exchange, rose by 18.6 per cent to £162.7 million in the past year, but pre-tax profits were down by almost 40 per cent to £16.2 million. The firm attributed the drop to a change in accounting policy relating to acquisitions that led to the 2022 results being restated.

Work highlights of the year include acting for Franchise Brands in a transaction to acquire the holding company of Pirtek Europe, an industrial services business, for £200 million. This involved a £92 million placing on AIM and saw a debt facility of £110 million across four consortium banks.

The firm helped the restaurant chain Byron by aiding client Famously Proper through a restructuring process in a deal that resulted in 12 sites across the UK continuing to trade, protecting 365 jobs.