a day ago
- Business
- The Herald Scotland
Edinburgh law firm Shepherd and Wedderburn hikes profits
The results reveal a 10% increase in turnover to £78.3 million, which helped net profits surge by 20% to £36.1m in the year ending April 30. According to the firm, the performance reflected its 'sustained momentum and sharp focus on its strategic priorities'.
The update comes in the wake of strong results reported by fellow Scottish law firms Harper Macleod, Brodies, and Complete Clarity and Simplicity Legal in recent weeks.
Shepherd and Wedderburn managing partner Andrew Blain said: 'I am pleased we have delivered another year of strong growth. Our performance reflects the strength of our client relationships and our investment in key sectors and practice areas, including clean energy, real estate and infrastructure, financial services, technology and life sciences and private wealth.
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'The quality of the talent we have attracted to join us over the last year has deepened our expertise in a number of strategically important areas helping us to secure mandates from existing and new clients. We are grateful to our clients for continuing to place their trust in us.
'Looking ahead, we will continue to invest in talent and solutions to amplify our support to clients as they navigate complex market landscapes.'
Shepherd and Wedderburn, which has offices in Aberdeen, Glasgow, [[Edinburgh]], London and Dublin, revealed that it advised on a number of high-profile corporate deals over the period. It acted for AviAlliance on its £1.53 billion acquisition of AGS Airports, owner of [[Aberdeen]], Glasgow, and Southampton airports, and for Scottish National Investment Bank on its investments into Subsea Micropiles, iGii, ForEV, and Orbex. It advised Canadian Solar, a battery energy storage systems supplier and contractor, on the Coalburn 1 Battery Storage Project, a 500 megawatt site in South Lanarkshire, and acted on behalf of British Land on the acquisitions of Queens Drive Retail Park in Kilmarnock and Inshes Retail Park, Inverness.
The firm appointed five new partners over the period, including Craig Whelton in planning, Claire MacLean in real estate and infrastructure, and Graham Young in project finance. Tricia Walker and Andrew Knight were appointed partners in the employment team,
Shepherd and Wedderburn also promoted Gavin Charlton to partner in the employee shares incentives team, and Pamela Binnie (real estate and infrastructure) and Roddy Forgie (media and technology) to legal director.
Mr Blain added: 'We remain focused on our strategic priorities and are excited about the opportunities that lie ahead as we continue to support our clients in an ever-evolving market.'
The firm noted that it received two accolades, top employer of the year in the medium business category (250 to 1,000 employees) and the prize for best diversity and inclusion dynamic in the workplace, at The Herald Top Employer Awards.
