Income up 5%
Revenue up for sixth year in a row at law firm Morton Fraser
Chris Harte: ‘focused our offering’
Law firm Morton Fraser has recorded like-for-like revenue growth for a sixth consecutive year, up 5% in the last 12 months to £22 million. It has not declared a profit figure.
During the year the past 12 months it it has divested its residential property offering and invested in specialist staff across a number of sectors.
Chris Harte, chief executive, said: “The divestment of our residential property department and the creation of legal technologist roles has focused our offering on core legal services.”
Total like-for-like headcount has increased by 6% and its company-wide bonus scheme sees employees earn up to 10% of their salary this year.
The firm’s transactional work in Scotland in the last 12 months included advising Diageo on the development of its new Johnnie Walker visitor experience, and acting for the investment arm of Singapore Press Holdings in relation to the acquisition of several purpose-built student accommodation assets in Scotland.
It also appointed Scotland’s largest Property in Pensions team and was also appointed to provide legal services to VisitScotland’s property portfolio.