The competing parties now have less than two weeks to win the vote of the nation and form the government in power for the coming five years.
Continuing our “I’m voting as…” series of features we profile law firm head who has big plans for his organisation, but plans to live within its means.
Who are you and what does your business do?
I’m Gavin Tyler, the managing partner of Cripps – a law firm with over 300 people working for entrepreneurial businesses, large corporates and private individuals.
We advise, resolve issues and provide solutions across the full breadth of business operations: from M&A, corporate finance, employment, commercial contracts and disputes. Nationally recognised for our real estate expertise, we handle all aspects of commercial real estate work for some of the UK’s largest property owners, investors and entrepreneurial businesses. Our private client team works with individuals and families nationally and internationally advising on complex trust and tax issues, property, inheritance and family matters.
How has your business changed over the last five years?
In 2010 we were still feeling the continuing effects of recession, necessitating a tight control on operating expenditure. While this has continued since the recovery, we’ve also changed the focus of how we price work – so it’s now much more client value driven.
We rebalanced the firm’s capabilities through a merger in 2013, which expanded our corporate and commercial offering. People are our key asset and we have continued to invest in them: our workforce has increased by 30 per cent over this period, and we’ve expanded our trainee solicitor scheme.
What are your growth plans for the next five years?
Within the next three years we’re targeting turnover in excess of £30m, with plans to expand in certain market sectors and deepen our penetration of others. We’re moving our main offices to a new build in 2016, which allows for some physical expansion.
More telling will be the efficiency improvements we expect to see as part of a technology investment programme which sits alongside a process of continuously improving how we deliver legal services. Our goal is to ensure that our clients get what they need in a way that suits them, and that they get the value they seek.
What kind of government would you like to see elected?
One that supports UK businesses, promoting a reward and recognition for hard-working people without taxing them overmuch and imposing too much regulation.
At Cripps we believe in living within our means. That doesn’t mean we don’t ever borrow money, but if we do it is for specific projects which add value to our business. I don’t see why it should be any different for the government.
Read other “I’m voting as…” features:
Do you think government in general is doing enough to support businesses of your size?
Up to a point but it can always do more, particularly in limiting the amount of regulation it imposes on us. They should also trust more. Ultimately it is businesses and the people within them at all levels that generate wealth for the country. Making it harder to do business is not helpful.
Has the impending general election caused any uncertainty regarding how you run your company?
Not specifically as a legal services business we have to take the long view. It has caused certain clients to defer transactions and for others to bring them forward. The bigger uncertainty is the balance of power if we have another coalition government. The Conservative/Liberal Democrats coalition has made some headway towards addressing our economic issues and has committed to eradicate the deficit within the next parliament.
This will create the best environment for businesses to flourish and create wealth which will lead to more tax revenue which in turn will enable public spending to increase. Labour appears to agree that it is right to repay our debt but at the same time seeks to commit to spending a great deal more whether or not we have the money; should it have to rely on the votes of other parties, particularly the SNP, they may not be able to repay anything and are more likely to increase the national debt.
In one sentence, please finish this line: “I’m voting as…”
I’m voting as someone who believes that a government has a responsibility to its country to provide the best environment for its people to flourish economically, physically and with pride in their individual and collective achievements.
Do you agree with Gavin Tyler? Is there anything you’d like to add? Please let us know in the comments box below.
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