Ledingham Chalmers sees uptick in profits

Revenues at the firm rose from £11.5 million to £11.6m and partner profits increased from £3.4m to £3.6m.

Just under £1m turnover came from the firm’s financial advisory business – Golden Square Wealth Management – which saw a 2.5 per cent increase to £996,782.

Income from legal services increased from £10.55m to £10.62m while the average partner remuneration rose from £134,355 to £137,078. The highest paid partner’s share declined from £230,195 to £223,282.

The accounts also indicated that the firm had started to wind up its defined benefit pension scheme.