LawVest reports £3.2m loss since 2011 launch as CEO predicts 'dramatic' sales increase next year
Fixed-fee legal venture LawVest has posted a loss of £3.2m for its first 16 months of trading, as the DLA Piper-backed business gears up to convert a "multi-million pound sales pipeline". The accounts, which cover the period from the company's launch in February 2011 to 30 September 2012, show the firm took in revenues of £170,036 against costs of £431,986, with £1.2m spent on sales and marketing and £1.7m on administrative expenses.
CEO cites heavy investment as reason for loss as firm sets out to convert ‘multi-million pound sales pipeline’
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