News In Focus
International reach boosts Burness Paul figures
An increasingly international outlook has helped boost figures at law firm Burness Paull.
The firm has released results showing turnover for the year to 31 July 2014 up by 20% to £46.3m, and profit up by 25% from £16.5m to £20.7m. The turnover figure is compared with the annualised £38.7m, derived from the first eight months' trading to July 2013 following the merger of Burness with Paull & Williamsons to create the present firm.
Burness Paull cited oil and gas, property and infrastructure, and financial services as particularly important to its results, but said that growth had taken place across all divisions.
International work now accounts for more than 20% of the firm's business. Chairman Philip Rodney commented: "Our model has allowed us to work in 55 jurisdictions over the last year, selecting the best independent firms as our partners."
He added: "At the time of our merger, we aspired to be the best commercial law firm operating in Scotland. Our international ambition now means we want to be the best commercial law firm operating from Scotland."
The firm intends to add to its current strength of 58 partners and over 360 staff. Most recently it hired Glasgow-based corporate partner Robert Burns from MacRoberts, its sixth senior appointment in recent months.