Law firm Knights, which last year took over Archers in Stockton, has announced revenue up by 22% to £125.6m in its full year results.

Archers Law was acquired by Knights, one of the UK's fastest growing legal and professional services businesses, for more than £5million.

Established in 1860, Archers was a full-service independent law firms operating across Teesside. The acquisition saw 38 fee earners joining Knights and was Knights’ seventeenth location, expanding its presence into the North East. 

At then time of the takeover Chris Todd, Partner, Archers said:  “After over a century of growth to become one of the leading law firms in Teesside, we are delighted to join Knights, whose culture is closely aligned to ours. We look forward to executing on the significant growth opportunities in the North East as part of a larger group, which will allow us to offer greater resources and capabilities to our clients in the region and beyond.”

Read more: Archers law firm in Stockton taken over in £5.2million deal

Now Knights says 20% of its revenue growth is from acquisitions ike Archers. There was a £14.8m contribution from prior year acquisitions and £5.8m from in year acquisitions

Strategic and operational highlights included continuing to expand geographic presence, with an acquisition strategy gaining momentum, strong employee retention and continued recruitment.

David Beech, CEO of Knights, said: “We have delivered another robust financial performance despite the short-term challenges experienced in the fourth quarter, with a positive start to the new financial year supported by the acquisitions completed in prior years.

“I am extremely grateful to the support our people have given to me and the business in recent weeks and we have a great culture and high morale which will enable us to continue to make good progress in the current year.

“Our ability to attract and retain top industry talent remains strong, while our pipeline of high quality acquisition targets continues to grow.

“I’m very pleased not only with the level of growth we have delivered over the last ten years since we corporatised, growing from two offices and £9m of revenue to a Top 50 law firm with 22 offices, and revenue of over £125m but also with our continued discipline to deliver market leading working capital days and cash generation.

“We continue to execute our strategy and remain confident in our outlook, as we leverage our enhanced scale and national reputation to realise our ambition to be the leading legal and professional services firm outside London.”