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RWK Goodman Posts 60% Profit Surge, Sets Ambitious Path to £100m Revenue by 2030

Prime Highlights:

  • RWK Goodman posted one of the biggest hikes in partner profits among the UK’s top-100 law firms, with profit per equity partner soaring 60% to £411,152.
  • The firm is targeting £100m-plus revenue by 2030, reinforcing its ambition to be a leading national law firm.

Key Facts:

  • Net profit climbed from £10.1m (11 months) to £16.5m, while income rose from £50.4m to £66.9m.
  • The equity partnership expanded to 70 partners in 2024-25, up from 64 the previous year.

Key Background:

RWK Goodman, the Thames Valley-based legal powerhouse formed from the 2022 merger of Royds Withy King and Goodman Derrick, has posted one of the largest profit gains among the UK’s top-100 law firms this year.

According to the year ending 31 March, the firm reported profit per equity partner (PEP) of £411,152, which is an impressive 60 percent above the 235,037 that was obtained in the last 11 months’ accounting period. Net profit also jumped from £10.1 million to £16.5 million, while overall income grew from £50.4 million to £66.9 million.

The firm, which employs more than 620 people across eight offices along the M4 corridor between London and Cardiff, has set its sights on reaching £100 million in revenue by 2030.

The Health & Social Care team stood out, reporting a 34% year-on-year increase in revenue. The firm has also been active in expansion, with a six-strong team, including two partners, joining its compensation protection unit, as well as the acquisition of Swindon-based injury specialist SJ Edney & Co in August last year.

Paul Daniels, who became managing partner in July after Graham Street, credited the firm’s strong culture and loyal clients for its success. The equity partnership also grew, increasing by 64-70 in 2024-25, and six new partners have joined the Bristol office since September, a sign of the firm continuing to recruit on a sustained basis.

Having a well-established financial base, growing teams, and long-term growth projections, RWK Goodman is clearly placing itself in the national spotlight of the UK legal market.