National firm Burges Salmon has reported a successful last year, with turnover and profit both taking huge leaps.
The firm, which is headquartered in Bristol and also operates from London, Dublin and Edinburgh, recorded turnover increasing by 27% to £163m and net profit rising 46% to £50.5m. The figures were taken for the financial year ended 30 April.
Burges Salmon said the positive numbers were a direct result of investments made in recent years in staff, premises, technology and innovation.
The firm opened its Edinburgh office five years ago and has also launched a digital learning hub which has provided 2,300 courses to staff.
Roger Bull, managing partner, said there had been positive growth across the entire firm based on strategic investments that had been made. ‘Our chosen markets in which we operate have not only shown resilience but thrived. We have benefitted from these positive market conditions thanks to our targeted approach and sustained investment over the years. Scotland, in particular, stands out as a testament to our growth strategy, where we’re proud to have celebrated our five-year anniversary in Edinburgh with significant organic expansion and the attraction of exceptional talent.’
Since May 2021, Burges Salmon’s headcount has grown by 30%, from 850 to more than 1,100 people. Profit per equity partner increased by 42% to £661,000.
The business also operates an international preferred firm model through a network of 300 firms in 70 jurisdictions. Revenue from this model has growth by more than 10% over the past 12 months.
Revenue increases of more than 20% were recorded by teams in banking & finance, construction & engineering, dispute resolution, employment, planning & compulsory purchase, pensions & lifetime savings and projects.
