The firm also reported that adjusted earnings before interest and tax reached £12.6m for the 2015/16 financial year.
First UK law firm to list on LSE
Last year, Gateley became first UK law firm to take advantage of its alternative business structure licence by listing on the London Stock Exchange. The IPO raised £30m in capital during its first day of trading, which Gateley pledged to use to grow and diversify its business through acquisitions. The first of such acquisitions took place last month when Gateley bought tax advisory business Capitus for £2.72m.
July dividend
Following the results announcement, Gateley’s share price rose 4.6 per cent from 103p to 107.7p. The board is set to announce a dividend in July 2016.
Source: The Lawyer
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