Morton Fraser records 12 per cent decline in profit
Morton Fraser has recorded like-for-like revenue growth of £22 million while profit has declined by 12 per cent to less than £12m.
In the last twelve months, the firm divested its residential property offering while investing in specialists across a number of its teams.
Total like-for-like headcount has increased at Morton Fraser by six per cent with like-for-like revenues up by five per cent to nearly £22m.
The firm continues to recognise the contribution of all staff via its company-wide bonus scheme, with employees earning up to 10 per cent of their salary this year.
Chris Harte, chief executive of Morton Fraser LLP, said: “Investing in people has allowed us to build some of the strongest specialist legal teams in the country.
“The divestment of our residential property department and the creation of legal technologist roles has focused our offering on core legal services at a time when clients are seeking embedded, independent advice about the Scottish landscape.”