Long term investment is key, says law firm
Law firm Shepherd and Wedderburn, which has offices in Edinburgh, Glasgow, Aberdeen and London, has announced a third consecutive year of substantial growth.
In its latest results for the year ending 30 April 2016, the firm’s revenue grew by more than 11% to £53 million with profits increasing by 20% to £21.5 million.
Solid growth was recorded across key sectors, with areas of recent investment also paying dividends, according to the firm.
The results cap a year which saw the re-appointment of Stephen Gibb as chief executive for a second term which, according to chairman Paul Hally, provided an emphatic endorsement of Gibb’s vision and strategy for the firm.
Hally said: “With Stephen at the helm, the firm has gone from strength to strength and we have enjoyed a period of sustained growth. Our revenue has grown by over 43% during his tenure and we are now a firm of over 500 people, 122 more than in 2012.”
Gibb said: “These results reflect the quality of our clients and of our people and I am hugely thankful to all of them.
“The past few years have seen solid growth in our core areas of corporate, real estate and dispute resolution and private client, and also continued substantial investment in areas which are now very much mainstream or key services.
“We have seen particular growth in the digital and telecoms sectors during that period, with a number of our key specialisms – such as pensions and share schemes being particularly busy, with corporate restructuring increasingly so.
“Our strategy of long term investment is working, and contributes strongly to our robust financial position.
“We are focused on and will continue to invest in areas of strategic relevance to our clients and, of course, in supporting them in creating and executing strategies to deal with current economic conditions and to realise their ambitions.”