10th year of growth

Lawyers must learn from pandemic says Brodies’ chief

Nick Scott: inspired

Top Scottish lawyer Nick Scott says the impact of the coronavirus has given the legal sector “much to learn” about how it can adapt and evolve in the digital age.

The past six months had shown how the courts, land registers and regulatory bodies can make best use of technology, said the managing partner at Brodies, Scotland’s largest independent law firm.

His comments came as the Edinburgh-based practice achieved a 7% increase in turnover to £82m for the year to the end of April (2019: £76.9m). This is a tenth consecutive yearly rise and amounts to 20% growth in the last two years.  Operating profit grew 3%. 

Profits before partner distributions rose to £38.5m from £37.4m the previous year.

However, profit per equity partner fell by 4% from £710,000 to £680,000 as a result of increasing the number of partners alongside an overall 6% increase in headcount from 680 to 728. Of these 108 are partners.

Leave a Reply

Your email address will not be published. Required fields are marked as *

This site uses Akismet to reduce spam. Learn how your comment data is processed.