Commercial law firm MacRoberts has notched up new client wins as it announced a rise in turnover and profits.
The Glasgow-headquartered firm reported profits up 12% to £5.89 million from £5.27 million previously on the back of turnover which rose to £18.75 million from £18.03 million last time around.
It said the results had been achieved against an unstable political landscape, with the year also having seen continued investment in its people, and in the “best available technology, flexible working practice s and fairer remuneration structures.”
In 2018/19, MacRoberts more than doubled its non-partner bonuses including a firm wide bonus for every member of staff.
It has been appointed to act for housebuilder Cala Homes and has won a place pm the newly established legal panel for the Robertson Group, the UK’s largest family-owned construction business.
The wins finished off a very successful year for the firm’s Real Estate Team which had seen it named Property Team of the Year at the British Legal Awards in London.
MacRoberts is also successful in the public sector having recently secured all six lots on the Scottish Government Legal Services Framework after a competitive tender process.
This followed their appointment to the Crown Commercial Services Framework in 2018, which covers the whole UK public sector.
The Corporate Finance team had a record year with it acting in 123 deals worth more than £600 million.
The firm said the deals spanned a large number of sectors and a wide range of deal values, involving both ends of the spectrum, from large PLCs to some of Scotland’s most ambitious start-ups.
This included deals on behalf of BAM Properties, Black & Lizars, Breedon Aggregates, Equitix, Renaissance Care, Renewi Group and Together Energy.
The team has been shortlisted for M&A Team of the Year at the British Legal Awards 2019 that takes place in London on 22 November.
Business development and marketing director Laura Wilson said: “We invested in overhauling our bid processes and methodology.
“The legal services market is highly competitive and we are seeing the rise of procurement departments, who seek quality of service and value for money from their legal suppliers.
“I am very pleased that we have been able to demonstrate our capability across the firm with these recent prestigious appointments”.
Managing partner Neil Kennedy said: “Our recent tender wins and pleasing financial performance is testament to the hard work by everyone at MacRoberts.
“I am very proud of my team here and look forward to continuing our success as we grow and develop together.”
