Shepherd & Wedderburn grows 5% in latest year

Shepherd & Wedderburn has reported 5% turnover growth to £62.2m in the year to 30 April 2022, while net profits before partner distributions grew 3% to £26m.

The 2021-22 financial year was the first of the firm's revised three-year strategic plan, which focuses on driving growth primarily in core strength areas including real estate, infrastructure, corporate finance, and technology and clean energy, where client activity has been particularly strong over the last 12 months. 

The year also saw Shepherd & Wedderburn invest in its office footprint, aligning with its ambitions to be net zero for greenhouse gas emissions by 2030. The firm relocated to a new Aberdeen office with capacity to double its headcount in the region, and has agreed to relocate its Edinburgh headquarters to Haymarket in a major investment that will offer a flexible and dynamic working environment while allowing for continued growth.

Staff commitment is being recognised by an exceptional bonus of 5% of annual salary, in addition to the firm’s performance-related bonus scheme.

Managing partner Andrew Blain commented: “I am pleased to announce another set of strong financial results. Last year was the first year of our revised three-year strategy and I am delighted with the progress we have made. We have achieved the targets we set ourselves for the first 12 months and made a number of strategic investments in people and premises. We go into 2022-23 with a strong and growing platform to support clients and deliver on our 2024 strategy.

“I would like to thank colleagues for their ongoing focus on quality and service, and our clients for continuing to put their trust in us. We look forward to working with them to achieve even more in the year ahead.”