Law firm Brodies hits record turnover of £77m

Brodies’ managing partner Nick Scott

Scotland’s largest law firm Brodies LLP said its turnover rose 12% to £76.86 million for the financial year to April 30, 2019.

Profits before partner distributions rose 14% to £37.40 million.

In the first full financial year under managing partner Nick Scott, Brodies saw progress in all of its practice areas — banking and finance, corporate and commercial, litigation, personal and family and real estate from Scottish, UK and international clients.

Headcount increased to 689 from 645, and the partnership reached 100 for the first time.

Cash balances at the year end increased to £21.8 million from £19.55 million.

Brodies’ managing partner Nick Scott, said: “While much attention has focused on the Brexit negotiations and the ongoing political upheaval, there has been a better story, much less reported, this year.

“And that is one of clients – individuals, businesses and organisations – getting on with their own agendas.

“At Brodies, our response has been to take confidence from the resilience of our clients, and to stick to the task of implementing our own strategic plans.

“In line with those plans the firm continued to invest in its people and infrastructure.

“The growth in our headcount and partnership shows that we are able to attract excellent lawyers and professionals to our firm.”