Legal firm BTO Solicitors sitting strong after first year as LLP
BTO Solicitors, the legal firm with offices in Edinburgh and Glasgow, has hailed a record financial performance in its first year of trading as a limited liability partnership.
Publishing its annual review, the firm said it had generated revenues and profit of about £18.92 million and £7.82m, respectively, for the 12-month trading period to 31 March. This represents a 62 per cent increase in the revenue figure over the past five years, it noted. There has been a 50 per cent increase in personnel during that same period.
The firm’s four main business divisions – commercial dispute resolution, insurance, private client and property, corporate and construction – are said to have performed well during the latest trading period. BTO also pointed to a “considerable increase in demand” for its specialist units such as data protection and family law.
Alan Borthwick, chairman of BTO, said: “We are implementing our current five-year business plan with success against the background of a challenging marketplace for professional services firms and a changing landscape for the legal profession in Scotland.
“Our consistently strong financial results have enabled the partners to invest with confidence in state-of-the-art IT systems, infrastructure and first-class people. This stable financial position allows us to remain on course with our business aims.”