Shepherd & Wedderburn reports "solid" growth

Legal firm Shepherd and Wedderburn has announced "solid growth" across the firm's key sectors in its results for 2015-16.

Revenue for the year ending 30 April 2016 was up by more than 11% to £53m, while profits jumped by 20% to £21.5m.  

The results follow growth of about 25% in both turnover and profit in 2014-15, the year in which the firm acquired the practice of the collapsed Tods Murray.

Chief executive Stephen Gibb, appointed to a second term during the year, commented: “These results reflect the quality of our clients and of our people and I am hugely thankful to all of them. The past few years have seen solid growth in our core areas of corporate, real estate and dispute resolution and private client, and also continued substantial investment in areas which are now very much mainstream or key services. We have seen particular growth in the digital and telecoms sectors during that period, with a number of our key specialisms such as pensions and share schemes being particularly busy, with corporate restructuring increasingly so.

“Our strategy of long term investment is working, and contributes strongly to our robust financial position. We are focused on and will continue to invest in areas of strategic relevance to our clients and, of course, in supporting them in creating and executing strategies to deal with current economic conditions and to realise their ambitions.”

Chairman Paul Hally added: “With Stephen at the helm, the firm has gone from strength to strength and we have enjoyed a period of sustained growth. Our revenue has grown by over 43% during his tenure and we are now a firm of over 500 people, 122 more than in 2012.”