Staff to benefit as Morton Fraser reports strong growth

Legal firm Morton Fraser has credited its "focus on talent" for a strong performance in its latest financial year.

Revenue in the 12 months to 30 April 2018 grew by 9% to £21.7m, while profits were up 13% to £7.9m. The previous year saw 2.5% revenue growth and steady profits, but the firm has seen 60% revenue growth over the last five years, while profits have more than doubled. Headcount over the same period has increased by more than 30%.

Under Morton Fraser’s performance-related bonus scheme, all staff will receive up to 13% of their annual salary. 

The firm claimed a "fantastic year" for its commercial real estate division, which is becoming a growing presence in London while also being involved in some major deals in Scotland. Its corporate, banking and finance teams also performed well, while the global network Interlaw, of which it is part, contributed increased referrals.

Chief executive Chris Harte commented: "The quality of our team is the one consistent factor underpinning this period of growth for our business. We have some exceptional talent and some of the best specialist teams in the country. The roster of truly independent Scottish firms is dwindling, and our focus on talent is setting us apart."

He added: "It would be wrong to assume that a proudly independent firm in Scotland can only do business in Scotland. Our connections and reputation extend not only into the City of London, but also internationally. We help overseas clients to assess their options here and also support domestic clients in other jurisdictions, too. We are the only Scottish firm in the Interlaw network, but you still need a reputation for excellence to succeed internationally."