Profits for the 2015/16 financial year have increased by 20 per cent to £21.5m. 

This growth follows on from a revenue increase of 26 per cent for 2014/15 from £38m to £48m, which included seven months of trading following the acquisition of Tods Murray in October 2014.

Mixed bag for Scottish independents

The firm is the third of the big Scottish independents to release financial figures for the 2015/16 financial year. There was similar double-digit growth at Brodies, which saw revenues increase 12 per cent to £65.1m and PEP jump 13 per cent to £602,000. However, rival independent Maclay Murray & Spens had another disappointing year, seeing a 12 per cent drop in PEP to £248,000 and a 3 per cent increase in turnover to £44.8m.

Source: Legal Business