Scottish law firm celebrates record results on 250th birthday

Scottish-headquartered law firm Shepherd & Wedderburn has reported record revenue and profits on the day it celebrates its 250th anniversary.

Results published today show the firm’s revenues rose 6 per cent to £53.5 million in the financial year to 30 April and its profits increased by 10 per cent to £22m over the same period.

The business says its strong financial performance is thanks to investment in client services such as document automation products, as well as a record year for its London office and growing international activity. The firm is currently advising clients in more than 100 jurisdictions.

It also counted advising long- standing client Fanduel on its proposed merger with Paddy Power Betfair among its successes for the past year.

Chief executive Stephen Gibb said: “This has been a busy year for our lawyers and our clients, and we are pleased to report record income and profits.

“Despite uncertainty over the outcome of Brexit negotiations and global macroeco- nomic trends, our UK and overseas clients have continued to be active.

“As a result, we remain cautiously optimistic about the year ahead.”

Shepherd & Wedderburn has four UK offices, and currently employs more than 450 staff.

The firm was founded on 6 July 1768 and is celebrating its 250th anniversary this year. 0 Stephen Gibb: ‘pleased to report record income’