Drummond Miller sees drop in profits
The average members remuneration at the firm, which has office in Dunfermline, Dalkeith, Bathgate, Musselburgh, Glasgow and Edinburgh, slipped to £43,023, from £98,259 the previous year – a decline of 57 per cent.
Accounts posted at Companies House show that turnover at the firm fell by eight per cent to £4.6 million.
Payroll costs at Drummond Miller rose to £2 million, from £1.9 million, as staff numbers increased by five to 92.
The number of legal staff rose by two to 32.
Partner Charles Ogilvie said the year had been “challenging as a result of staff movements”.
Drummond Miller has now agreed a new finance agreement with its bank.