£3.9m rise in turnover for Shepherd+ Wedderburn
15 May 06
Firm announces annual fee income figures, along with conversion to LLP
Shepherd+ Wedderburn has announced its annual fee income figures, showing a 13% rise from £30.7 million in 2004-05 to £34.6 million in 2005-06.
The firm has also announced that it will be converting to a limited liability partnership (LLP) in 2006-07. This is scheduled for completion by November.
Chief executive Patrick Andrews said last year's turnover demonstrated the firm's growing capabilities. The focus on the coming year would be on developing the breadth and quality of its services, and ultimately on signficantly accelerating the firm's future growth.
The past year's growth is attributed to Shepherd's new client wins, which include Kwik-Fit Insurance, Fidelity Investment Management, Pernod Ricard UK, Waitrose, Grampian Foods and Scottish Widows. It also acted for the vendor in the deal through which US entrepreneur Donald Trump hopes to convert a large tract of land in Aberdeenshire into a leading golf resort.
The year also saw four lateral hires and three internal promotions to partner, and 19 associate appointments.