Anderson Strathern’s Brexit advice services facilitates 28% profit increase
Scottish law firm Anderson Strathern has posted record results with a 28% increase in profits largely due to its Brexit-related advice services.
The 28% rise has boosted the firm’s profits to £8.9 million and the company’s revenue increased by 7% to reach £24.4m.
Anderson Strathern’s new accounts have also reported increased activity in the commercial, public and private sectors.
The firm has highlighted that Brexit-related advice saw a substantial increase and the corporate and commercial real estate teams secured growth through a number of significant deals, including advising Soccerworld on the recent acquisition of Goals Soccer Centres.
Earlier in the year, in March, Anderson Strathern’s Brexit Group released its White Paper - Taking the temperature of Scottish business pre-Brexit - which revealed that many of Scotland’s companies were unprepared for Brexit, while a majority of respondents were
concerned about the loss of EU staff.
Anderson Strathern’s Brexit group continues to advise both SMEs and larger companies as they prepare for a range of Brexit outcomes.
Murray Mccall, managing partner, said: “The firm experienced revenue growth across all departments during the year and, in an economic environment characterised by uncertainty and not without its challenges, that’s testament to the quality of our people and their ability to deliver first-class and trusted advice to our client base.”