Stobart Barristers, based on King Street Manchester, is expecting to achieve a turnover of several million pounds following its first year of operation, four times its original estimation.
The Company opened for business in Manchester in May 2012 and acts as a broker, linking corporate, public sector and private clients with barristers across the UK.
The company’s move into legal services was originally inspired by the 50% savings generated by The Stobart Group when its legal team began instructing barristers direct in 2008.
Their fixed-fee model has proved highly popular with clients seeking counsel and with barristers, hit by cuts to the Legal Aid system.
Stobart has already signed up more than 1,500 barristers, representing a substantial percentage of all UK professionals
Trevor Howarth, managing director of Stobart Barristers, said: “The uptake has been surprising. We thought it would take a lot longer for the concept to catch on.
“That is partly down to the power of the brand. People take comfort from the Stobart brand, knowing that the ethos of Stobart is all about reducing waste and cutting out costs.
“All we have done is carry that through to the legal sector.”
Tim Newns, Chief Executive of MIDAS, Manchester’s inward investment agency, said, “New models are being developed within the legal sector on a constant basis following the Clementi review, with Stobart’s innovative approach proving attractive in the market.
“With the largest legal sector outside London on their doorstep, coupled with a strong and trusted brand, we hope their current success will continue over the coming months and years, and look forward to continuing to support the growth.