Law firm Bodies sees strong growth in turnover and earnings

Leading Scottish law practice Brodies has reported double-digit increases in yearly turnover and revenue.

The company, which has offices in Edinburgh, Glasgow and Aberdeen, saw profits grow by 12.4% to 65.1 m in the year to the end of April.

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Earnings before partner distributions likewise increased by 14.2% to 30.9 m.

Brodies said its sixth consecutive year of growth had been achieved through continual investment across its workplaces.

The firm’s headcount grew by 4.6% last year, bringing the overall variety of lawyers and personnel to 631.

2aHandling partner Bill Drummond stated: “The partners are pleased with the progress we have made over the past year and are grateful to our clients for their ongoing assistance and for putting their faith in us to advise them on a wide range of company, governing and personal matters.

“Our focus on adapting to the ever-changing requirements of our clients and making sure that our services relate to our market implies that we are accustomed to responding quickly when clients require us.

“This has never ever been more important than in the existing climate, following the EU mandate on 23 June.”

‘Quietly confident’

On the other hand, law office Gillespie Macandrew reported that it collected more than 10m in fees for the very first time last year.

Revenue for the year to the end of February rose by more than 18% to 2.86 m, while turnover increased by 6.7% to simply fewer than 10.5 m.

The company said charge income growth was particularly strong in private customer, residential, house builder, and commercial property and litigation services.

Gillespie Macandrew has actually been developing customer service across its offices in Edinburgh, Glasgow and Perth, as part of a company growth technique.

2aChairman Murray Shaw said: “Profits are higher than anticipated through our top-line development while our expenses didn’t grow as quickly as expected.

“This is mostly due to longer timescales than prepared for in hiring the ideal individuals to assist us develop.

“While we anticipate the coming year to continue to be extremely competitive, we are once again quietly positive that we will press forward with our total development strategy.”

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