Turnover and profits rise at Shepherd and Wedderburn

The law firm Shepherd and Wedderburn has reported a 7% turnover growth in the year to 30 April 2023.

The company posted an increase to £66.7 million, the sixth year of consecutive growth. Net profits (before partner distributions) grew 3% to £27.1 million.

Shepherd and Wedderburn also announced in July, in recognition of the firm’s performance, that colleagues would receive an exceptional bonus of 5% of their annual salary.

Andrew Blain, Managing Partner of Shepherd and Wedderburn, said: “I am pleased to announce another year of strong financial growth in what has been a constantly shifting and challenging environment.

"By continuing with our planned programme of strategic investments, we have enhanced the strength and depth of key practice areas and further developed the technology solutions to help us to serve our clients better. As we look ahead to 2023/2024 and the final year of our three-year strategy, we are pleased to note that our approach has proven to be strong and resilient, with growth and continued progress towards our goals.

"I am grateful to my colleagues for their consistent dedication to providing high-quality service across the firm. Additionally, I would like to thank our clients for their continued trust in us and we remain committed to providing exceptional support as we move forward together.”