Andrew Blain

In the year to 30 April 2023, the firm also witnessed 7% turnover growth to £66.7m, marking Shepherd and Wedderburn’s sixth year of consecutive growth.

Last month, the firm announced, in recognition of the firm’s performance, that colleagues would receive an exceptional bonus of 5% of their annual salary.

Shepherd and Wedderburn saw strong revenue growth across all divisions. Core areas of growth have included clean energy; real estate, housebuilding and infrastructure; financial services and technology as well as from the expansion of the firm’s market-leading private wealth and rural teams following investment made in those areas in recent years.

In May, Shepherd and Wedderburn relocated its Edinburgh headquarters to the new Haymarket grade A office development, creating a premium, easily accessible space that promotes connectivity for both clients and colleagues. The move aligns with the firm’s broader goal of achieving net-zero greenhouse gas emissions by 2030.

Andrew Blain, managing partner of Shepherd and Wedderburn, said: “I am pleased to announce another year of strong financial growth in what has been a constantly shifting and challenging environment.

“By continuing with our planned programme of strategic investments, we have enhanced the strength and depth of key practice areas and further developed the technology solutions to help us to serve our clients better. As we look ahead to 2023/2024 and the final year of our three-year strategy, we are pleased to note that our approach has proven to be strong and resilient, with growth and continued progress towards our goals.

“I am grateful to my colleagues for their consistent dedication to providing high-quality service across the firm. Additionally, I would like to thank our clients for their continued trust in us and we remain committed to providing exceptional support as we move forward together.”