Ledingham Chalmers records growth ahead of forecast for last financial year

Jennifer Young

Group turnover for the year ending March 2018, including wholly-owned subsidiary Golden Square Wealth Management, was over £11.6 million, compared with around £11.5m the year before. Profits were up from £3.4m to £3.6m.

Chairman and partner Jennifer Young said: “We’ve spoken a lot in the past about focusing on sustainable growth and we believe these figures show that approach is starting to pay off against an improving, yet still challenging, economic backdrop.

“The only certainty in the legal services marketplace is the level and speed of change, and we’ve adapted and continued to concentrate on providing what we know is a valuable service to clients, with the SME sector an area of particular focus with high potential.

“And between April last year and March, we’ve spent numerous hours on the road speaking to hundreds of people from these businesses at more than 20 events about topics that affect them, from GDPR compliance and construction law to collaboration in the oil and gas industry.”

Brian Hay, the firm’s chief executive officer, said: “Our private client, commercial property and litigation offerings across all of our offices contributed to the increase on the year before, with continued strong performances from our corporate work.”