Irwin Mitchell reports revenue growth despite profit decline amid investment drive
updated on 10 August 2026
Bethany Wren (she/her) is head of content and events at LawCareers.Net
Reading time: one minute
Irwin Mitchell LLP has increased its revenue to a record £337.5 million after a year of significant investment in technology, infrastructure and expansion. Although underlying pre-tax profit fell from £22.4 million to £16.5 million, the national law firm said the decline reflected deliberate spending to support future growth, highlighting how major law firms balance short-term profitability with long-term business strategy.
The firm cited planned investments in technology, higher national insurance costs and a series of office moves across the UK as reasons for the fall in profit. Meanwhile, cash reserves increased from £69.2 million to £84.3 million, while net assets reached £169.6 million, underlining what the firm described as its “strong financial foundations”.
Irwin Mitchell has also continued its shift towards higher value and more complex legal work. International revenue more than doubled during the year, rising from £16.2 million to £35.4 million and accounting for more than 10% of total revenue. The firm said the growth reflected increasing demand for cross-border and specialist legal advice from both business and private clients.
Group Chief Executive Officer Craig Marshall said the firm had made “disciplined long-term strategic decisions” to strengthen the business, invest in its people and infrastructure, and focus on areas where it can deliver the greatest value to clients. He added that the progress made during the year had created a strong platform for sustainable growth.
As part of its strategy, Irwin Mitchell completed the sale of its asset management and debt management businesses, expanded its newer offices and promoted 100 employees to associate, legal director and partner roles. The firm’s also increased its focus on specialist private client work, including complex estate planning and advice for high-net-worth individuals.
