SCOTTISH law firm Shepherd and Wedderburn has reported a 3% rise in net profits before partner distributions to £27.1 million for the year to April 30, on the back of 7% growth in turnover to £66.7m.
Shepherd and Wedderburn said it experienced strong revenue growth across all divisions.
It added: “Core areas of growth have included clean energy; real estate, housebuilding and infrastructure; [and] financial services and technology”.
The firm also flagged growth arising from the expansion of its private wealth and rural teams in recent years.
READ MORE: Historic Scottish yard sees first shipbuilding activity since 1856
Andrew Blain, managing partner of Shepherd and Wedderburn, hailed “another year of strong financial growth in what has been a constantly shifting and challenging environment”.
He said: “By continuing with our planned programme of strategic investments, we have enhanced the strength and depth of key practice areas and further developed the technology solutions to help us to serve our clients better.”
READ MORE: Denial after denial from brass-necked Tory arch-Brexiter
Mr Blain declared that, as Shepherd and Wedderburn looked ahead to the rest of 2023/24 and the final year of its three-year strategy, it was pleased to note that its approach “has proven to be strong and resilient, with growth and continued progress towards our goals”.
READ MORE: Ian McConnell: Bizarre, bloody-minded logic in Brexit Britain
He added: “I am grateful to my colleagues for their consistent dedication to providing high-quality service across the firm. Additionally, I would like to thank our clients for their continued trust in us.”
Among notable deals it had worked on during the 12 months to April, Shepherd and Wedderburn flagged its role as adviser to Crerar Hotel Group in connection with the sale of the hospitality company to Blantyre Capital and Fairtree Hotel Investments.
It added that it had advised Mangata Edge with concluding investment documentation for a significant manufacturing facility at Prestwick Aerospace Park, part of Scottish Enterprise’s participation in the Ayrshire Growth Deal.
Shepherd and Wedderburn has offices in Edinburgh, Glasgow, Aberdeen, London, and Dublin.
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