By Ian McConnell
SCOTTISH law firm MacRoberts has unveiled a 17 per cent rise in annual profit before partner distribution to £6.9 million, on the back of an increase in revenues, and flagged “further strong growth” in key sectors.
MacRoberts yesterday reported a 10% increase in turnover for the year to April 30, to £20.6 million.
The firm said highlights “include an exceptional year” from its credit management specialist, Yuill+Kyle.
MacRoberts declared it continued to expand its client base in Scotland, the rest of the UK and internationally, with “several new significant wins following successful tender bids to national and international businesses”.
READ MORE: Bank of England intervention an embarrassment, underlines mayhem unleashed by Kwarteng mini-Budget
The firm also flagged a move to new offices in Edinburgh, at 10 George Street, and “significant upgrades and investment” in all of its business-critical information technology platforms and infrastructure.
Neil Kennedy, managing partner, said: “I am pleased to post such a strong set of financial results to April 2022, which are the direct result of considerable strategic development and investment across all areas of the business, most notably in our operating platform. As we move into the new financial year, we have continued that momentum with further strong growth in a number of key sectors and we anticipate another positive year for the firm, our people and our clients.”
READ MORE: IAN MCCONNELL: Brexit : Tories’ utter failure to land US trade deal shines light on fantasy world of Brexiters
MacRoberts said the past year had seen the growth of “several key areas” across the firm, with new partner promotions for Nicole Cook and Mark Quinn in real estate.
The firm also flagged promotions in its construction, corporate and commercial, intellectual property and technology, projects, real estate, and private client and family law operations. And it noted the qualification of trainees as solicitors in the banking and corporate finance teams.
MacRoberts said it was also recruiting additional lawyers in areas including commercial contracts, renewable energy, projects and private client work.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here