News In Focus
Revenue up but profits down at Digby Brown
Turnover rose but profits fell in Digby Brown's last financial year, its results for 2016-17 show.
Revenue at the specialist personal injury legal firm for the year to 31 March 2017 was up 5% from £27.3m to £28.7m, largely due to an increased contribution from its Compensate litigation funding arm. Profits however dipped by 3.5% from £8.6m to £8.3m.
The firm said it had been another year in which it had continued to grow and had recovered a record level of damages for its clients across Scotland – more than £115m in awards.
It now has more than 280 staff across its seven offices.
Fraser Oliver, partner and chief executive, commented: “These are a strong set of results which are a credit to the hard work of colleagues across Digby Brown.
“In serving clients our mission is threefold – to provide excellence in access to justice, to be recognised as the leading personal injury law practice in Scotland and to be an employer of choice.
“Our business is focused on delivering for our clients and I am proud that we have once again achieved record results on their behalf.”