UK Top 50 and leading Scottish law firm Brodies LLP has reported its 15th consecutive year of growth, with revenue rising to £126.7million for the financial year ending 30 April 2025 - an 11% increase from £114.3million the previous year. 

Operating profit also grew, reaching over £50million, up from £49.2million with profit per equity partner recorded at £885,296.

All the firm's core practice areas: banking and finance, corporate and commercial, dispute resolution and risk, personal and family, and real estate made progress. The full-service law firm saw growth in instructions for work in Scotland, the UK and internationally.

Brodies' continued investment in its people saw headcount increase by 5%, from 837 to 883. This included the appointment of banking and finance partner James Wilson and seven internal partner promotions.  The firm also awarded a 5% bonus to all eligible colleagues; alongside individual performance bonuses and salary increases.

Cash balances at year-end stood at £23.7million, up from £20.9million the previous year.

The firm's latest results come as Iain Rutherford steps up to chair, succeeding Christine O’Neill KC, who completed four three-year terms in the role. Christine continues in her role as partner.

Continued investment in the Highlands and Islands has seen work commence on an expansion of Brodies' Inverness office to support the firm's growth in, and commitment to, the region.

In June, the firm held its inaugural all-colleague conference, Being Brodies: Live! where more than 600 colleagues came together to celebrate its culture and values.

Brodies managing partner Stephen Goldie said: "Achieving progress amid continuing domestic and global headwinds reflects the resilience and ambition of our clients in Scotland, across the UK, and internationally. Their trust in us to deliver results on complex and exciting mandates inspires us to work harder and smarter every day.

"Recording our fifteenth consecutive year of growth is testament to the strength of those relationships and the dedication of our colleagues to deliver exceptional legal services.

"As we enter the second year of our current three-year strategic cycle, we remain focused on those plans - recognising the talent and contribution of our colleagues, encouraging greater collaboration across our firm and with our clients, and investing in our offices and in technology that augments the high standards our clients expect.

"We also welcome our new chair, Iain Rutherford, and extend our utmost thanks to Christine O'Neill KC for the considerable wisdom and unwavering commitment she brought to the role of chair. Clients and colleagues alike will continue to benefit from those qualities in her role as a partner in our disputes team.

"The year in review marks my first full year as managing partner. In that time, it has been my privilege to work closely with many colleagues across the firm. I am continually impressed by the exceptional talent and kindness that I witness daily. It reminds me that over and above everything else, we are a people business that believes in our core values."

Highlights from the financial year in review include:

  • Acted for The Parkmead Group Plc on its sale of the entire issued share capital of Parkmead (E&P) Limited to Serica Energy (UK) Limited.
  • Acted for Three60 Energy Limited on its acquisition of the entire issued share capital of Samphire Subsea Limited.
  • Lead legal adviser in the creation of new template agreements to encourage landowners and investors across the UK to participate in woodland and peatland carbon projects
  • Acted on the build to rent (BTR) investment acquisition of Granary Quay, Glasgow for £70 million.
  • Advising Connexin on its successful bid for the Nottinghamshire and West Lincolnshire lot under Project Gigabit, the UK Government's £4.9 billion infrastructure subsidy programme to provide fibre broadband to hard-to-reach communities.
  • Continued commitment to inclusion and diversity saw the launch of the firm's neuroinclusion colleague network. The aim of the network is to create an environment where neurodiverse colleagues feel supported to reach their full potential at work.
  • Held first week-long AI immersive lab where colleagues came together to gain 'hands-on' experience of AI, discuss its potential uses and contribute to the firm's AI strategy.
  • Commissioned a UK-wide survey to assess the awareness, preparedness and concerns around wealth transfer and estate planning. The survey revealed that UK residents aged 50 and over are underprepared for the upcoming changes to inheritance tax (IHT), with only 26% fully understanding how the new rules will impact their wealth transfer plans.
  • Continued partnership with Paralympian Melanie Woods. The Glasgow-based athlete, who came sixth in the T54 400m and 800m at the Paris 2024 Paralympic Games, is working with Brodies on a number of wellbeing and motivational initiatives.
  • Supported Judy Murray's Learn to Lead initiative designed to equip and empower young girls to become Scotland’s next generation of sporting leaders.

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