At the forefront of change.

Built on more than a decade of consistent investment and growth, Knights has become the largest regional-only legal services business in the UK and is recognised as the leading candidate in the sector. 

The Lawyer, April 2026




Built on more than a decade of consistent investment and growth, Knights has become the largest regional-only legal services business in the UK and is recognised as the leading candidate in the sector. 

The Lawyer, April 2026




Market opportunity

"Knights is inevitable. And the acquisitions are only going to continue. The UK 200 has no shortage of regional firms with ageing partners, rising debt and an over-reliance on client interest income. For them, the future is increasingly, inexorably, Knights.”

The Lawyer, April 2026.

The UK legal services market is profitable and growing ahead of GDP:

  • In 2024, the UK legal services market generated c.£40bn compared to £29bn in 2020*
  • The sector is expected to grow at 5.1% annually until 2029*
  • Regional and national firms performed strongly in 23/24 – delivering 11.1% fee income growth and 13.4% profit growth*
  • Fee income and profit growth was forecast to continue to grow for regional and national firms at c.8% during 25/26

* UK Legal Services Market Report – Summer 2025

The UK legal services market in 2024 (forecast) c.£44bn
Expected annual growth in the UK legal services market c.5.1%

Financial highlights

In a year of solid progress, the Group has continued to deliver strong revenue growth, increased underlying profits and continued cash conversion.

Revenue

£207.7m

Underlying PBT

£33.2m

Reported PBT

£10.2m

Post tax profit

£4.7m

Net debt

£65.4m

Underlying basic EPS

28.14p

Basic EPS

5.40p

Cash conversion

163%



Investment case

A well-developed single and scalable client services technology environment used by the entire business.

Comprehensive centralised business services capability delivered from our centreal operational hub.

An established and experienced management team working together daily in our central hub, enabling agile management and fast decision-making.

We understand the changing UK legal market and the opportunities and challenges it brings.

Our key strengths driving profitable growth

Statements

"This performance demonstrates not only the fundamental quality of our platform, but also the consistency of our strategic execution."

Dave Wilson

Non-Executive Chairman

"We bring unmatched premium, diversified specialist services from a connected national team to clients across the UK."

David Beech

Chief Executive Officer

“I am pleased to report a year of strong, profitable, cash generative growth."

Kate Lewis

Chief Financial Officer

Our key strategic pillars

Through maturity and the experience of more than a decade as a growing business and being a regional consolidator, we have a clear strategy and focus, supported by a strong operational platform and cultural identity, to deliver value through growth.


Senior promotions

64

Organic growth

7.1%

Colleagues through acquisition

146

Increase in underlying EBITDA

20%

Building a sustainable business.

Our 4 Our Community programme (‘4OC’), through which we encourage all our people to give four of their working hours each month to support local causes they care about through volunteering and fundraising, remains our primary community-focused initiative.

Throughout the last year, teams in all our offices have supported organisations nationally and locally which make their communities a better place.

Knights operates its business in accordance with the highest standards of corporate governance and conduct, overseen by a Board of Directors with a wide range of relevant skills and experience.

As a professional services business, we exist in an industry that has low environmental effect and impact. The Group already operates in an environmentally focused manner with strong focus on employees and communities in a well-governed environment.

Downloads

Download full report

Annual Report & Accounts 2026 PDF 1.45MB

Download by chapter