Profits rise for Shepherd and Wedderburn

Law firm Shepherd and Wedderburn reported 4.1% turnover growth to £59.3 million in the year to 30 April 2021, with profits before partner distributions rising 13% to £25.3 million.

The business saw strong revenue growth across all divisions. Shepherd and Wedderburn’s corporate finance team advised on 75 corporate finance transactions with an aggregate value of £7.1 billion in the year to December 2020, an increase of 18% on its 2019 aggregate deal value. 

Client activity has been particularly strong in the clean energy and technology transactions, underscoring the firm’s reputation in these fast-growing and innovative sectors.

Andrew Blain, Managing Partner of Shepherd and Wedderburn, said: “The past year, which has been unprecedented, has presented many challenges for both the firm and our clients, and it is heartening to see the firm perform strongly in such circumstances. I would like to thank all our clients for continuing to put their faith in us as their trusted legal adviser, and to express my appreciation to my colleagues for their adaptability, support and commitment.

“Last year’s performance provides a strong base from which to deliver our growth strategy for the next three years, which will see us continue to invest in our people and in technology to ensure we continue to deliver high quality and innovative services to meet the ever-changing needs of our clients.”

In recognition of this success, members of staff received an exceptional bonus of 5% of their annual salary in addition to bonuses payable under the firm’s performance-related bonus scheme.