Gillespie Macandrew reports sixth consecutive year of growth
Gillespie Macandrew has reported a sixth year of growth with an almost six per cent rise in turnover for the financial year 2017-2018.
Turnover for the year to 28 February 2018 was £12.01 million compared to £11.36m for the previous year. The firm reported an eight per cent growth in profit to more than £2.9m.
The firm’s energy team completed over 200 energy projects in 2017 with a global development value of £3.27 billion and was awarded “Corporate Deal Team of the Year” at the Scottish Legal Awards.
During the year a number of significant hires and internal promotions, which included two internal partner appointments in commercial real estate and construction and planning, brought the number of partners and staff from 137 to 144.
The tax team has also been expanded with the recruitment in 2017 of Anne Marie Renz, tax director and Alison Pryde, senior tax manager.
Chief executive officer Robert Graham-Campbell said: “It has been a full and exciting year for the firm. We have achieved another year of strong financial performance with satisfactory growth in turnover and profits. We continue to be debt free and with strong cash balances, providing a strong financial base for investment in improvements in our services to clients, for example in training and developing our staff and in IT solutions, as well as in growing our business through expansion.
“Against a backdrop of continued political and economic uncertainty, Gillespie Macandrew continues to see opportunities for growth in our sector-led focus. With offices in Edinburgh, Perth and Glasgow, our priorities remain to further reinforce our existing service areas and to expand our presence in these locations in order to deliver long-term profitable growth.”
Chair Fiona Morton said: “I am delighted with the progress made this year which continues to build on the substantial growth we achieved last year.
“It is testament to the hard work of everyone associated with the firm and as ever we are grateful for the loyalty of existing clients and the engagement with new ones.
“I am particularly proud of our training academy as it provides the skill-set needed for future partners so that our lawyers are all round business people who can interact and work well with clients in any situation. Clients appreciate a knowledgeable advisor who can speak on their level and advise on a wide range of issues, not just purely legal issues.”