Blackadders profits jump 46 per cent to £6.76m as group hits £20m turnover

Blackadders profits jump 46 per cent to £6.76m as group hits £20m turnover

Pictured: Laura McDowall, Kirk Dailly, Emma Gray Ryan McKay 
Credit: Andrew Cawley

Blackadders LLP has reported a period of strong financial performance, with combined turnover of the law firm and Blackadders Wealth Management LLP hitting a milestone £20.2 million, a 19 per cent increase from the previous year.

This growth was accompanied by a 46 per cent surge in group profits, which rose to £6.76m following a focus on investment, restructuring, and innovation.

The growth across Blackadders’ core services, particularly private client, coupled with increases in the business services group activity and the rollout of the firm’s client charter and service pledge have all improved overall performance.

Ryan McKay, joint managing partner, said: “This has been an excellent performance and comes after a period of significant investment and strategic change. This is Blackadders doubling down on a strategy of ensuring clients are served well in the most efficient way possible and with the best advice.

“Every team has contributed to these results, but the underlying strength of our private client team and the innovation shown by our Business Services Group have proved to be the engine from which our growth has come.

“We are nearing the end of our current five-year strategy and looking forward to setting new targets for growth and investment for the coming years. We want to achieve our ambition of being recognised alongside Scotland’s top five firms in terms of our quality of advice and service as well as attracting and retaining the most talented lawyers in the country. But our ambition does not stop there and we are already working on the next phase of Blackadders’ journey.”

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