SCOTTISH law firm Brodies increased its operating profit to £46.1m in the year to April, from £39m in the previous 12 months.
Brodies hailed a twelfth consecutive year of growth by unveiling a 19.5% rise in revenue to £98.5m for the 12 months to April 30, and highlighted its workforce growth to 771.
The company said: “The financial year to April 2021 had seen the company prioritizing the well-being, roles and financial security of all colleagues at the height of the pandemic.
“This judgment saw him start the year to April 2022 with a full complement of colleagues across the board. Continued investment in human resources over the past 12 months has seen the workforce grow from 748 to 771, with all eligible colleagues receiving bonuses in May 2021, January 2022 and June 2022.”
Brodies noted that the total number of partners had increased to 116 on May 1, with seven promotions.
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Nick Scott, Managing Partner of Brodies, said: “Throughout the year, investments continued to be made in human resources, with the recruitment of colleagues in the legal and commercial services teams, the payment of bonuses and the introduction of new reward structures that more closely align individuals. performance with reward. These actions represent the largest investment in colleagues and rewarding colleagues the firm has made to date. »
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Brodies has offices in Edinburgh, Glasgow, Inverness, Aberdeen, Brussels and London.
The firm’s main areas of activity are arbitration; banking and financial services; use; energy, including renewable energy and oil and gas; dispute; Mergers and Acquisitions; private equity and intellectual property; immovable; pensions and benefits; personal and family law and taxation.
Mr Scott said: “We begin the 2022/23 financial year inspired by our customers and colleagues, aware of the challenges but excited about the opportunities ahead, and aware of our responsibilities as a business and to the communities in which we work.”
He added: “A new Members Agreement has been approved by our partners, containing a commitment that our business will be run as a responsible and sustainable business, and openly acknowledging the commitment we hold to creating opportunity for all, whatever the difference.