Investment in sectors pays off
Sixth year of growth at Gillespie Macandrew
Robert Graham-Campbell: ‘a full and exciting year’
Scottish Law firm Gillespie Macandrew has reported a sixth year of growth as it continues to invest in its sector teams.
Profit for the year to the end of February was 8% higher on turnover up almost 6% to £12.01 million (2017: £11.36m).
Gillespie Macandrew, which rebranded in 2017 incorporating Hunter’s Residential, has seen a number of significant hires and internal promotions. The number of partners and staff rose from 137 to 144. The Tax team has also been expanded.
CSR has continued to be an important area of focus and once again the firm donated 1% of last year’s profit to its two partner charities, Children in Scotland and The Rock Trust.
In addition, staff participate in many CSR activities supporting these and other charities, including Rossie Young People’s Trust, on a range of activities including volunteer away days and staff-led fund raisers.
Gillespie Macandrew is the only Scottish law firm to appoint non-lawyers to both of its senior management roles with the appointment of Fiona Morton as chairman in March 2017 and Robert Graham-Campbell as CEO in October 2017.
The firm runs its own development and training academy using a mix of internal and external providers.
Mr Graham-Campbell said: “It has been a full and exciting year for the firm. We have achieved another year of strong financial performance with satisfactory growth in turnover and profits.
“We continue to be debt free and with strong cash balances, providing a strong financial base for investment in improvements in our services to clients, for example in training and developing our staff and in IT solutions, as well as in growing our business through expansion.
“Against a backdrop of continued political and economic uncertainty, Gillespie Macandrew continues to see opportunities for growth in our sector-led focus.
“With offices in Edinburgh, Perth and Glasgow, our priorities remain to further reinforce our existing service areas and to expand our presence in these locations in order to deliver long term profitable growth.”
Ms Morton said: “I am delighted with the progress made this year which continues to build on the substantial growth we achieved last year.
“It is testament to the hard work of everyone associated with the firm and as ever we are grateful for the loyalty of existing clients and the engagement with new ones.
“I am particularly proud of our training academy as it provides the skill-set needed for future partners so that our lawyers are all round business people who can interact and work well with clients in any situation. Clients appreciate a knowledgeable advisor who can speak on their level and advise on a wide range of issues, not just purely legal issues.”