Turnover rises at Ledingham

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LAW firm Ledingham Chalmers yesterday posted record revenues, with turnover rising by 3 per cent in the year to 31 March to £10.7 million.

Profits at the practice – which has offices in Aberdeen, Edinburgh and Inverness – dropped to £3.5m from £3.8m after “staff” investment pushed costs up by £900,000 year-on-year to £7.1m, which included promoting staff to partner status within its commercial property and litigation departments.

Chairwoman Jennifer Young said: “This was a year of milestones for us. Not only did we build on last year’s record turnover, but by August, have welcomed six partners into the firm, oversaw major transactions and enjoyed a strategic coup with the appointment of Jim Drysdale to our agricultural team.”