Turnover at Balfour+Manson up to £9m while profits remain static
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Elaine Motion
Turnover at Balfour+Manson rose by two per cent to £9 million while partner profits remained at £2.9m in the last financial year, The Herald reports.
In the year to October 2017, the firm’s turnover was 20 per cent higher than in 2008/09, when it totalled £7.5m.
Chairman of the firm, Elaine Motion, said the figures are a sign that the firm’s strategy is working.
She said: “Stability jumps out as the main thing about the figures.
“We have remained extremely stable. It’s a sign of the way we manage the firm.”
She added that the firm’s focus on litigation had helped insulate it against the worst of the downturn over the past 10 years.
“That’s why we’ve ridden the storm so well,” she said.
“Litigation has been the powerhouse of Balfour & Manson forever, and especially since 1990.”
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