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Gateley looks to diversify further

The legal and professional services group is aiming for 20 per cent of revenue to come from non-legal services
Gateley looks to diversify further

Gateley’s (GTLY) top line benefited from 10.5 per cent organic growth in the six months to 31 October 2019 as the legal and professional services group continued to invest in headcount. The average number of fee-earning staff rose by over a fifth to 673, including the addition of five new partners. While this was largely behind an 11 per cent increase in total expenses to £46m, personnel costs as a proportion of fees dropped by 0.7 percentage points to 62.8 per cent.

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