News In Focus
Gillespie Macandrew reports further revenue growth
Legal firm Gillespie Macandrew achieved 8.3% revenue growth in the year ended 28 February 2019, its seventh successive rise, the practice reported today.
Turnover reached £13.0m compared with £12.0m, the previous year. The firm did not state its profit, which last year rose by 8% to nearly £3m, but said its year end cash position was strengthened at £1.3m, against £1m in 2018.
Its performance was attributed to planned productivity gains and a strategy of organic growth across its offices in Edinburgh, Glasgow and Perth, including opening new and expanded Glasgow premises at 163 West George Street.
Chief executive officer Robert Graham-Campbell commented: "We have delivered a solid set of financial results notwithstanding a challenging political environment and I am pleased to see such positive results from our investment in productivity initiatives during the year. Our clients look to us for market-leading expertise and excellent client service and we continue to invest in our business, our people and our IT to deliver this.
"We remain focused on our four core areas of expertise: Land & Rural Business; Energy; Private Client & Tax; and Commercial Real Estate."
Gillespie Macandrew’s CSR programme this year continued its longstanding support of three charity partners: Children in Scotland, the Rock Trust, and Rossie Young People’s Trust. The charities benefited from a combination of volunteer days by staff, partnering to host training events, or providing pro-bono legal advice, as well as sharing in a £30,000 financial donation from the profits of the firm.