AIIC Group achieves record financial results

AIIC Holdings Limited, the parent company of Taylor Rose, FDR Law, and Kingsley Wood, has revealed exceptional financial performance for the fiscal year ending 30 September 2025. Demonstrating a significant leap in revenue and adjusted EBITDA, the Group reported annual revenue of £124.0 million, which signifies a 27.4% increase from last year's £97.3 million. Adjusted EBITDA surged to £12.2 million, up from £7.4 million in the previous year, while adjusted profit before tax rose to £9.6 million, reflecting a remarkable increase of 118% from £4.4 million in 2024.

This growth can be attributed to the Group's consultant-led model, which saw the number of consultant fee earners increase to 981, with expectations that this figure has now surpassed 1,000. The rise in profits comes notwithstanding the hefty investment in a multi-year IT transformation programme, where AIIC invested over £10.5 million in technology, up from £6.6 million the previous year. This ambitious programme includes unifying the organisation's systems under a single Salesforce-based digital ecosystem, fully operational on the cloud.

The new cloud-first system is designed to enhance scalability, automation, compliance, and data security, ultimately benefiting consultants and support teams by enabling secure remote work with real-time data across all operational areas. This innovative approach aims to streamline service delivery, reduce administrative workload, and establish a robust foundation for adopting AI-driven solutions.

The Group has also placed emphasis on expanding its legal consultancy services, which allow experienced practitioners to work with flexibility while taking advantage of centralised infrastructure and compliance support. The Board noted strong demand throughout the year for consultant recruitment, particularly in diverse areas of law such as private client, family, litigation, and immigration, while also reinforcing its established strength in property services.

Looking forward, AIIC's Board remarked that the trading for FY2026 had commenced on a positive note due to improved market conditions and a rise in enquiries spurred by reductions in the Bank of England base rate. The Group is optimistic that its ongoing IT transformation will enhance its ability to onboard new lawyers or firms, paving the way for potential mergers and acquisitions.

Additionally, the Board addressed the ongoing uncertainty surrounding the treatment of interest earned on client funds due to a recent Ministry of Justice consultation. Nevertheless, confidence in the Group's operating model and technology strategy remains strong. Despite the impact of client interest on reported EBITDA, AIIC reported strengthened underlying profitability and cash generation, boasting an adjusted EBITDA of £5.5 million excluding net client interest, signifying improved operational performance.

Adrian Jaggard, CEO of AIIC Group, highlighted, “FY2025 was a year of strong operational progress for the Group. The performance of our core business has strengthened materially, even as we deliberately reinvested significant sums into our IT transformation. We have chosen to absorb those costs now in order to build a more efficient, scalable and resilient business for the long-term, and the benefits of that approach are becoming increasingly evident.”