Law firm Ledingham Chalmers has reported a near one per cent rise in turnover to a record £12.5 million in its most recent financial year.
The firm, which has offices in Aberdeen, Edinburgh, Inverness and Stirling, had recorded turnover of £12.44m in the prior 12 months covering the period to March 31, 2014.
It said the growth in turnover had been mainly driven by a strong performance in commercial property, particularly in the Aberdeen real estate market.
The private client, rural, corporate and litigation practices were said to have returned a “solid” performance in the year.
Chairman and partner Jennifer Young said: “These financial results are evidence of our continued, steady year on year growth since the firm broke the £10 million mark in 2012.
“We continue to invest in the future of the business, with a strong emphasis on our people and developing our infrastructure”.
Chief executive Brian Hay admitted lower oil prices have affected levels of business in Aberdeen but the firm is still forecasting revenue growth in its current trading year.
He said: “While the uncertainty within the oil and gas sector has impacted the level of activity in commercial work, and residential property in Aberdeen, performance across all areas of the business remains in line with expectations, and we anticipate a further increase in turnover at year end.”
The recent promotion of Craig Pike brought partner numbers at the firm to 31.
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