Burges Salmon revenue up 8% to £128.2m

Burges Salmon revenue up 8% to £128.2m

Burges Salmon managing partner Roger Bull

Law firm Burges Salmon, which has a major office in Edinburgh, has reported an 8% increase in turnover to £128.2 million in the latest financial year.

In the financial year ending 30 April 2023, the firm also saw a dip in profit per equity partner (PEP) from £517,000 to £466,000 as well as net profit from £37.9m to £34.6m.

Managing partner Roger Bull said: “I am pleased to report an increase in the firm’s revenue for the 2022/23 financial year, which represents revenue growth year-on-year in line with the target that we set in our 2021-2026 strategy.

“During 2022/23 we saw strong double digit revenue growth in a number of our key sectors, including transport, energy and utilities and public sector, and practices – defence, dispute resolution, planning and compulsory purchase, construction and engineering and real estate.

“Although our revenues grew last year, we saw a modest decline in profit. This pressure on margin was a challenge that we saw across the legal sector during this period given turbulent market activity and the return of certain costs following the covid period.

“Given these trading conditions during the 2022/23 financial year, our continued growth as a business was an impressive reflection of the significant commitment and contribution made by people across the firm.”

In May, Burges Salmon marked the fourth anniversary of its Edinburgh office, which now boasts a 70-strong team led by nine partners and a strong team of directors, focusing on sectors and practices including energy, transport, financial services, real estate, food and drink, life sciences, employment, corporate and dispute resolution.

Mr Bull said: “Notwithstanding the challenges arising in the wider market, we continue to believe that investing in the future of the business is critical to our long-term success.

“Over the past 12 months, this has included investing in our people through key appointments, including 20 partners, 30 directors and over 40 promotions within business services, premises projects in Edinburgh, London and Bristol as well as continued major upgrades to our IT systems and software.

“We continue to have a relentless focus on our purpose which is to be an ambitious, sustainable and inclusive firm which ensures that our clients, our people and wider communities flourish.

“Over the past year, we’re proud to have delivered a range of important and impactful initiatives relating to client service delivery, diversity and inclusion, ESG, innovation, our international preferred firm network and projects within the communities where our people live and work.”

Share icon
Share this article: