MacRoberts boosts turnover by 10% amid continuous investment in its people and technology
Date Posted: 30 Sep, 2022
Leading Scottish commercial law firm MacRoberts has posted an 10% rise in turnover in the financial year to 30 April 2022 to £20.6 million. The firm’s profits also rose by 17% in the same period.
Highlights include an exceptional year from the firm’s credit management specialist Yuill+Kyle, a property move to new offices in Edinburgh and significant upgrades and investment to all of its business-critical IT platforms and infrastructure. The firm has also continued to grow its client base in Scotland, the UK and internationally, with several new significant wins following successful tender bids to national and international businesses.
The past year has seen the growth of several key areas across the firm, with new partner promotions for Nicole Cook and Mark Quinn in real estate, as well as a lateral partner appointment in Isobell Reid in commercial dispute resolution.
As well as these appointments, the firm has seen a raft of promotions in areas including construction, corporate and commercial, IP & technology, projects, real estate, and private client and family law, as well as trainees qualifying as solicitors into the banking and corporate finance teams. The firm is also recruiting additional lawyers in areas including commercial contracts, renewable energy, projects and private client.
With a relentless focus on investment in its operating platform, MacRoberts also successfully achieved reaccreditation for ISO 22301 Business Continuity and ISO 27001 Information Security, which it holds alongside ISO 9001 Quality Management and ISO 14001 Environmental Management. These certifications are complemented by the firm’s specialist AML and risk management teams, ensuring the security of client information and a consistently high-quality client experience.
To add to the programme of change in the year, the firm rationalised their occupation of property taking account of the post-Covid shift to hybrid working. This included a move to the Grade A offices at 10 George Street, Edinburgh. The office layout was carefully designed as an attractive, agile working environment and both offices, in Glasgow and Edinburgh, continue to be used as hubs for colleague collaboration whilst strategic investments in technology have allowed the firm to seamlessly continue with hybrid working.
Neil Kennedy, Managing Partner, said:
“I am pleased to post such a strong set of financial results to April 2022, which are the direct result of considerable strategic development and investment across all areas of the business, most notably in our operating platform, allowing us to deliver the highest quality service possible to our clients.
We have prioritised our people, enhancing our existing agile platform, which has delivered immediate benefits in terms of engagement, well-being and inclusion. As we move into the new financial year, we have continued that momentum with further strong growth in a number of key sectors and we anticipate another positive year for the firm, our people and our clients”.