Investment hits Digby Brown profits as revenue rises

Revenue growth, but lower profits due to investment in new offices and infrastructure, have been reported by specialist personal injury law firm Digby Brown in its results for 2014-15, announced today.

Turnover for the year ending 31 March 2015 was up 5% from £23.4m to £24.6m, whereas profit was down 13.3% from £9.0m to £7.8m.

During 2015 Digby Brown has moved to new offices in Aberdeen and opened its seventh Scottish office in Ayr. It has also appointed a new finance director and a new IT director to its senior management team, and made a number of other appointments and promotions.

However the firm states that its "central achievement" has been on behalf of clients – "recovering over £100m in damages, another record year".

Fraser Oliver, partner and chief executive, said the year saw Digby Brown making significant investments to ensure it had the best possible business infrastructure in place to fulfil its role of delivering for clients.

He commented: “The Court Reform (Scotland) Act and changes within the legal marketplace continue to create both challenges and opportunities. 2015 has seen us invest to ensure we are best placed to meet these and continue to provide an award-winning service to clients who need our help at a challenging time in their lives.

“Our people really are our greatest asset and all of the team are focused on delivering for clients, the motivation that drives everything we do. Our achievements this year are a tribute to the hard work and dedication of over 250 colleagues throughout the country.”