Chairman says firm 'in control of destiny'

Big deals help Burness Paull exceed targets

Philip RodneyScottish law firm Burness Paull has posted double-digit growth on the back of some chunky advisory work, including Standard Life’s acquisition of Pearson Jones.

It also advised exploration and production business Dea on its £7.6 billion joint venture with BP in the West Nile Delta.

The deals helped revenue increase by 11% to £51.3 million and profits 12% to £23.2m.

The firm said the figures reflected a successful 2014/15 financial year in which all its key sectors – corporate Scotland, financial, oil and gas, and property and infrastructure performed well. The positive performance has enabled the firm to distribute a 7.5% bonus to all employees.

Chairman Philip Rodney (pictured) said the performance of the firm since Burness merged with Paull Williamsons in December 2012 had far exceeded the targets set.

“In particular our turnover since merger has increased from £37.6mto £51.3m – a rise of 36%,” he said. “We have been able to achieve our objective of being one of Scotland’s leading commercial law firms while remaining independent and in control of our own destiny.

“With a successful 2014/2015 behind us and the transitional phase completed, the focus now turns to implementing our Dynamic Growth plan. This will see significant recruitment, including senior lateral hires together with increased profile and business in our key international markets, North America and Norway.”

Last year Burness Paull awarded a 10% bonus to employees across the firm’s three offices in Aberdeen, Edinburgh and Glasgow.

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