UK firm Shepherd and Wedderburn has posted the strongest results in its history as the season of buoyant annual results continues.
The firm reported pre-tax profits of £18m on revenues up 26% to £48m for the year ending 5 April. Profit per equity partner for 2014/2015 was £278,000.
Pre-tax profits in the 2013/14 financial year were £14.3m on a £38.3m turnover.
In October 2014 the firm acquired out of administration the business and assets of Scottish law firm Tods Murray, whose history spanned 158 years.
Chief executive Stephen Gibb said: ‘At the coalface of managing that integration process, our teams ensured business as usual, while, behind the scenes, they worked tirelessly to facilitate a smooth migration of people, clients and systems to Shepherd and Wedderburn. Migrating 3,500 clients, 6,800 matters and 2.1 million documents in the space of just 10 weeks was a significant achievement.’
Gibb said the firm experienced ‘positive growth’ across every practice area. Revenues grew 18% in energy and renewables. In real estate and infrastructure and financial services, revenue was up by 26% and 21% respectively.
For the corporate group, deals during 2014 amounted to an aggregate value of £5.2bn, which translated into annual revenues 24% up on the previous year.