AIIC Group, the provider of technology-enabled consumer legal services, has been listed in the prestigious FT 1000 list of Europe’s fastest-growing companies by the Financial Times (“FT”) for the third consecutive year.
AIIC is one of only two UK companies in the Legal & Accounting Services sector to have made the list this year, joining other notable UK companies, including Anthesis Group, Moneybox and PensionBee in the rankings.
The FT1000 ranking is ordered by compound annual growth rate (CAGR), this year covering between 2020 and 2023. AIIC recorded a CAGR of 45 per cent over this period, with reported annual revenues of £83.6m in the year ended 30th September 2023.
AIIC is one of only 22 UK companies to have appeared in the rankings in all of the past three years. Of the 1,000 companies appearing on the list, AIIC had the 68th highest revenues in 2023, demonstrating its record of maintaining significant growth as it scales in size. Just 7 per cent of the list had revenues of over 90m euros in 2023.
The company’s growth has continued this year, recording revenues of £97.3m (+16%) in the financial year ending 30th September 2024.
The group attributes this consistent success to the fast growth of its consultancy division, enabled by ongoing investment in IT and other central services and infrastructure that enable lawyers to carry out their work efficiently and productively, whether in an office-based environment or remotely. This has aided the recruitment and retention of solicitors.
The group now has over 1,200 consultant lawyers and around 600 employees.
The group’s largest firm is Taylor Rose. Primarily focused on consumer law, it operates in sectors including property, including conveyancing; private client; family; and criminal law. AIIC’s other companies are FDR Law, a consultancy-based conveyancing firm; KingsleyWood, a consultant-based corporate law firm; and the prop-tech platform SlothMove.
The group also recently announced the acquisition of 15 per cent of Taylor Rose Australia, its joint venture with the Australian firm, GTC Legal (“GTC”), a partnership which has seen annualised revenues more than triple to $20m AUD in the 18 months since the brand was introduced to the Australian market.
Adrian Jaggard, CEO of the AIIC Group, said: “It’s great for everyone in the business to get external recognition for the hard work they have put in, and our success has been and will continue to be a real team effort. We have focused heavily on providing the back-office infrastructure and support that allows our lawyers to do what they do best, and that has really helped our ability to attract and retain great legal talent.
“There is still an awful lot of room to grow. We’re doubling down on investing in technology to help our teams provide a great quality of service in our dominant markets, such as conveyancing, so that clients want to come back to us for a wide range of complementary legal services. We know it will take hard work, but we’re confident in the strength of our strategy, our culture and our team.”
