In its latest accounts filed at Companies House, the firm said it had met all of its strategic aims for the year to March 2020.

Turnover at the firm rose to £30.8 million, up from £29m while profits for the 69 designated members stood at £11.1m, up from £11m.

“Our guiding key principles to meet the ongoing challenges of the pandemic have been liquidity, solvency and long-term sustainability of the business,” the members’ report states.

“To deliver on these principles we have: carefully reviewed and reduced our discretionary expenditure; we have utilised the government’s job retention scheme as well as managing overall remuneration costs; and reduced partner drawings to aid cash flow.

“All the evidence to date supports our confidence that we will emerge from this health crisis in a very strong position to meet market challenges and to continue to increase market share.”

The results period included the September 2019 acquisition of Wink & Mackenzie, one of the oldest law firms in Moray. The move led to the addition of two partners and 15 staff to the firm.