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FAIRWAY BUSINESS UPDATE 2014/15

Posted on 8th December 2015

26th September 2015, marked the 25th anniversary since the incorporation of Fairway. This anniversary coincides with another very strong year during 2014/15. The headline figures show growth in our German based business and stable profit levels across the business as a whole.

Fairway’s UK business focus is on quantum, planning and project management based disputes. Expert witness and claims advice services remain the core of our work. Commissions involving expert witness work show a 15% increase from the previous year. The largest industry sectors in which we have operated during 2014/15 remain to be power, process, oil and gas and energy; although building projects in the United Kingdom show a 15% increase during the last year.

We continue to have a strong international flavour to our workload, with 25% of our work coming from Europe, 10% from the Middle East, 5% from Africa, and 15% from the Caribbean. The United Kingdom makes up the remainder and continues to be an important and stable market for Fairway.

The German business Fairway GmBH continues to successfully provide commercial management and dispute consultancy services to a number of major international companies, predominantly in the infrastructure, power and process sectors. The 2014 /15 financial year being its most successful to date.

A testament to the success of the business is that two thirds of Fairway’s workload is repeat business. Much of the remaining new business comes from referrals and recommendations from contacts in the legal sector and previous clients. However, we are pleased that an increasing amount of work has been generated through our marketing efforts with new clients. The underlying strength of the business is our high quality work and the experience of our employees, who blend together to form a very talented and respected team.

 

Fairway is a group company of Gardiner & Theobald LLP. To download a copy of Gardiner & Theobald LLP's 2014/15 Annual Review, please click here.