We use cookies to give you the best online experience. By using our website you agree to our use of cookies in accordance with our cookie policy. Learn more here.Close Me
UK: Anderson Strathern Reports Record Results Amid Growing Brexit Demand
Scottish legal firm Anderson Strathern has increased turnover to
£22.8 million for the year to 31st August 2018 [2017:
£21.5M] while reporting profits up by 10 per cent.
The firm's organic growth trajectory over the last twelve
months has been underpinned by significant lateral hires and
investment in its business support areas, including the finance
function headed by former PwC director Susanne Godfrey who joined
Anderson Strathern as Finance Director in November 2017. With
Scottish businesses continuing to plan out their Brexit scenarios,
growth in Brexit advice has also underpinned an uplift
in business across the firm's core areas of expertise.
The law firm's Chair, Bruce Farquhar said: "Our record
results for 2018 show that our growth strategy is working well and
that Anderson Strathern is going from strength to strength.
Our strategic focus on appointing key people both in the legal and
business functions to help us with that growth will continue.
All the indictors are that we will also have a strong 2019 with our
confident proposition as a leading independent Scottish law firm
with expert lawyers operating across the private client, commercial
and public sectors."
Client wins, panel appointments and increased activity across
the firm's private client, commercial and public sector
practice groups contributed to overall growth at Anderson Strathern
during the year. The firm was appointed by Crown Estate
Scotland as principal provider of legal services and the
appointment by APUC (Advanced Procurement for Universities and
Colleges) saw Anderson Strathern become the only Scottish legal
firm ranked in all lots of the APUC and Scottish Government Legal
Services Frameworks. In March, the firm won Litigation Team
of the Year at the Scottish Legal Awards, and in September marked
20 years as an Investor in People (IIP) while retaining Double Gold
standard for IIP and Investors in Young People.
Managing Partner Murray McCall also attributed the increased
turnover and profits to a clear focus on business operations and
productivity gains through smarter working across the firm.
He said: "The year was one of good housekeeping and gains,
achieved through teams working smarter across the firm and followed
significant investment in our people and technology in 2017.
An even sharper approach to our internal mechanics, alongside an
absolute focus on listening to our clients, is paying dividends and
is reflected in our record numbers this year."
Murray McCall added: "It's our mission to be the
employer of choice in the Scottish legal sector and to do that we
really have to walk the talk. We believe in investing in our
people, they are our best assets and we are continually striving to
create an even better working environment where people feel
valued. In turn, our team go out and provide the highest
standards of client service and we're extremely proud of the
culture that has evolved from this process."
Anderson Strathern Asset Management, the wealth management arm
of Anderson Strathern led by former Aberdeen Asset Management Head
of Global Distribution John Brett, grew its team during the year
and now has £270 million under management.
Anderson Strathern was the first Scottish legal firm to launch a
dedicated Brexit unit. The firm is experiencing increased activity
around Brexit planning in Q4 of 2018 and will be focusing on
providing dedicated services to business clients in the run up to
the departure from the EU.
About Anderson Strathern - Anderson Strathern is a leading
Scottish full service legal firm working in the commercial, private
client and public sectors with 52 partners and over 240 employees
across Edinburgh, Glasgow and East Lothian. Clients include
Buccleuch Estates, the Scottish Government, Crown Estate Scotland,
Clyde Gateway, Scotmid, Apex Hotels, INEOS, University of the West
of Scotland, Transport Scotland, the Scottish Prison Service and
the Royal College of Nursing.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.