By most reckonings, Gateley is a firm that has performed well in recent years. Under the leadership of senior partner Michael Ward profit per equity partner (PEP) increased nearly 10% to £288,000 in 2013-14. That followed a 22% increase 12 months earlier, while revenue over the same two-year period has gone from £61.5m to £71.7m – an overall gain of 16%.
Contrast these results with those from a poor 2011-12, in which Gateley saw PEP and revenue fall by 11% and 2.4% respectively, and it could be argued that the firm is starting to turn a corner.
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