News In Focus
Stable financial picture at Shepherd and Wedderburn
8 October 2012
Scottish based law firm Shepherd and Wedderburn has reported little change in its headline figures for the latest financial year, released today.
Revenue was £37m in the year to 30 April 2012, compared with a 6% rise to £37.3m in 2011, while profits slipped from £13.1m to £12.9m. The 2011 profit figure showed a 16% rise.
Growth sectors for the firm in the past year have been its energy and natural resources practice, up by 25%, and real estate, up 12%, while the current year has begun strongly in commercial dispute resolution (CDR) and corporate finance activity over the first quarter.
Stephen Gibb, who became chief executive officer at S & W in May, said: “We are pleased with these results generated over the last financial year and we are very upbeat about the start we’ve made to 2012-13.
He added: "We also retain a strong balance sheet and cash position, with no net borrowings, all of which puts the firm in a good place going forward in what remains a challenging economic climate.”