We generally avoid developing a presence in markets dominated by institutional firms. We will however enter these markets where there is an opportunity to acquire an existing business that meets our criteria to deliver accretive value sustainably.

Lower competition in our markets means there is less upward pressure on salaries, allowing us to offer greater value for money for our clients.

Operating outside of major city centres contributes to reduced property costs, and provides a more sustainable work-life balance for our colleagues.

Fee earner to non-fee earner ratio well above market average, aided by the use of technology.

Industry leading working capital days facilitated by Knights’ culture and training of professionals on client management, supported by technology and actionable analytics.

Fee earners concentrate on client service, while professional managers run the business. Lawyers focus on earning fees with no distractions of running the business, which is operated by an experienced senior leadership team who can act with agility.

Deep client relationships and limited sector and fee earner concentration brings diversity and resilience to our revenue base.

A fragmented market worth £2.6bn outside London provides a clear market opportunity to grow organically, complemented by carefully targeted acquisitions.

Proven and compelling platform for legal professionals, with lawyers attracted by lack of ownership risk associated with partnership structures, sustainability of commercial success and development opportunities.

Culture and market positioning drives organic recruitment and low churn.

Track record of unlocking value from acquisitions, with systems, processes and culture fully integrated by our expert team in under 2 months.

Investment in operational backbone in 2019 provides bandwidth for future growth, with fixed costs diluted as we grow.

This year we have scaled the business in two existing locations and entered five new locations.