LEGAL research firm Acritas grew its turnover by 60% last year after strong demand for its Sharplegal service, and is now looking to secure work in China as part of its worldwide expansion.
The Newcastle-based business, which was set up in 2002, is used by some of the world’s biggest legal firms after launching its Sharplegal surveys as a tool to spearhead its expansion.
The firm, which employs 30 staff, recently visited the US to speak to prospective customers interested in the surveys, which provide the legal sector with a host of in-depth market analysis based on interviews with more than 3,000 senior legal buyers each year.
The popularity of the surveys helped the firm record a record turnover for last year of £1.6m, which is a 60% increase on its performance in 2009, with the company now aiming for similar growth this year.
The company, which has offices in London and New York, is now looking to expand its work in China, which it sees as a key market for its future.
The firm works with many of the world’s top 100 law firms, who use its research to help develop their business strategies, better understand their clients’ needs and enhance their performance.