Shepherd and Wedderburn reports two per cent turnover growth in 2019/20
Shepherd and Wedderburn has reported two per cent turnover growth to £56.9 million in the year to April 30, 2020, with profits before partner distributions down 1.7 per cent to £22.4 million.
Shepherd and Wedderburn’s clean energy group reported record revenues during the period in review, up 54 per cent on the previous year. The group continues to advise on landmark and pathfinder clean energy projects across the UK, working with clients to help accelerate a green recovery.
The firm’s corporate finance team advised on deals with an aggregate value of more than £6 billion in the year to December 2019, and its banking and finance team advised on 276 deals with a cumulative value of £64.6 billion in the year to 30 April 2020, an increase of 65 per cent in the total number of deals on the previous year.
The commercial disputes and regulation, real estate, pensions, employment and private client teams also posted strong performance, demonstrating sustained demand for the broad spectrum of Shepherd and Wedderburn’s service offerings to corporate clients and individuals.
Andrew Blain, managing partner of Shepherd and Wedderburn, said: “We are pleased to report solid growth in 2019/20. Like many businesses, the last two months of the financial year were impacted by the pandemic and since then we have been operating in a very different and altogether more challenging environment. I am proud of the way in which we have responded to those challenges and continued to support our clients as we all face up to the continuing uncertainties of the pandemic.
“The quality of our lawyers and the depth of our expertise across all our practice areas and sector groups positions us well to continue to support clients as we emerge from the pandemic. We will continue to look to invest in talent and technology and to take advantage of the opportunities that present themselves this year.
“I would like to thank our clients for continuing to put their trust in us, and my colleagues across the business for the remarkable resilience, commitment and adaptability they have shown, often in very challenging circumstances.”