Manchester-based firm Barings Law has announced plans for significant cross-sector growth over the next year, as newly published financial accounts underline the scale of its ongoing investment and expansion strategy.
Best known for its high-profile work in consumer mis-selling and data breach litigation, Barings Law has undergone a major business transformation in recent years. The firm has focused on sustainability, technological innovation, and securing major client mandates to support long-term growth.
Audited results for the 2023/24 financial year show that Barings Law is on track to unlock more than £300 million in work-in-progress (WIP) over the next twelve months. These earnings are expected to be realised following the successful resolution of cases and reflected in the firm’s 2025/2026 accounts.
The projected revenue is expected from settlement or resolution of some of the firm’s widely publicised data breach actions, including claims against the Ministry of Defence, Capita plc, Microsoft and Google.
Barings also has a number of other actions before the courts, including Business Interruption claims in the High Court and the much-anticipated Angel & Ors v Black Horse Limited & Ors motor vehicle finance group action that will be heard in the Court of Appeal in early 2026 after the firm’s previous win was appealed.
Robert Whitehead, newly appointed Chairman of Barings Law, said:
“Barings is required, due to its size, to file fully audited accounts which means its work in progress isn’t recognised until case completion.
“Through our strategic vision, set out in our accounts, we have charted an ambitious course of growth through consolidation of the existing business combined with diversification into new areas of work. These are the first steps in an exciting new journey for Barings Law.
“While the wider legal market has faced challenging conditions, we have made a conscious decision to continue with planned investment in our workforce, systems and technology. We are now reaching the point where that strategy will allow us to unlock substantial value as some of our high-value cases reach resolution.”
Barings Law has implemented further changes since the 2023/24 accounting period closed. Mr Whitehead formally took up the role of Chairman in July 2025, accompanied by several key senior hires to reinforce accounting and governance.
As part of its growth strategy for 2026, the firm has turned its attention to diversifying its services, including a broad spectrum of commercial work.
Mr Whitehead added “We are now taking on a much broader range of work which provides long-term resilience for the firm’s long term growth strategy, looking beyond our existing consumer legal services.”
“Meanwhile, our commitment to delivering exceptional client outcomes on high-value, high-impact consumer cases remains absolutely unchanged.”
