Burges Salmon posts £163m revenue and £51m profit
Burges Salmon has reported a 27% increase in turnover to £163 million, and a 46% increase in net profit to £50.5m from £34.6m.
The independent UK law firm, which recently celebrated the fifth anniversary of its Edinburgh office, today published its results for the financial year ending 30 April 2024.
Profit per equity partner increased by 42% from £466,000 to £661,000.
Roger Bull, managing partner, said: “I am pleased to report strong progress across all financial metrics – namely revenue, PEP and profit – for our firm in the 2023/34 financial year.
“These results demonstrate the collective strength and dedication of all of our people, during a year that has seen the value of our strategic investments come to fruition.
“We’ve seen positive growth across the entire firm, stemming from a deep focus on our markets, our people, and, importantly, our clients. Our commitment to understanding and meeting our clients’ needs has been a driving force behind this success.
“Our chosen markets in which we operate have not only shown resilience but thrived. We have benefited from these positive market conditions thanks to our targeted approach and sustained investment over the years.”
With eight partners and six directors, the firm’s Scotland team has reached 80. Some of the firm’s Scottish-based clients include Pandox, Oxygen Conservation, L+R Hotels, abrdn, Drax, ENGIE, Zestec, Cumulus Oncology, LIND and William Grant & Sons.
Mr Bull added: “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.
“We take pride in our responsible business agenda, our technology and innovation initiatives, and our investment in our people. These elements are at the core of our firm’s ethos and have been instrumental in driving our successful financial performance.
“As we look to the future, we are excited to build on this momentum and continue to progress the firm’s ambitious strategy for growth.”