Morton Fraser returns profits of £7m - up 46 per cent in four years

However, while the firm’s profits of £7 million remain the same as last year the firm has increased revenues by 2.5 percent year-on-year, and by 46 percent in the last four years, with almost £20 million in annual billings for the year to April 2017.

'Building sustainable, long term growth'

Chris Harte, chief executive of Morton Fraser said: ‘We are building sustainable, long-term success here. From commercial clients looking for an in-built understanding of their sector in Scotland to private clients who trust our discretion and clarity of advice, our success comes from a broad base of services and a consistent way of doing business.’

Postive developments throughout the year

According to Morton Fraser, there has been several positive outcomes from Brexit, including a notable increase in corporate and property transactions in Scotland. Mr Harte added: ‘We have seen a marked increase in the number of corporate transactions we have been involved in, particularly in the technology and life sciences sectors…We have also acted for several overseas investors looking to take advantage of the drop in value of Sterling. This includes acting in the sale of Scotland’s largest sporting estate, Scotland’s largest ever single-asset logistics deal and the purchase of Heartlands, one of the country’s largest regeneration projects. We have definitely benefited from our connections to London and our expertise in Scottish real estate and there are more of these deals in the pipeline.’ The firm appointed Ross Caldwell from international law firm Taylor Wessing earlier this year.