International law firm unveils 17% revenue growth in Scotland – Scottish Business News

As reported on High Growth Scotland, Law firm Addleshaw Goddard, which has offices in Edinburgh, Glasgow and Aberdeen, has announced revenue of £496 million for the past financial year, representing growth of 12%.

The firm’s performance was driven by material investments in tech, core practices and priority sectors alongside office openings in Germany, Middle East and Spain, to deliver another year of revenue and profit growth.

In Scotland, where is has around 300 people, Addleshaw Goddard recorded income growth of 17% over the financial year – the seventh consecutive year showing a double-digit increase – with strong performances in all three offices. The firm welcomed 12 new Partners north of the Border, including 10 lateral hires from other firms, and is currently looking at office relocations in Glasgow and Edinburgh to accommodate its growth.

Alan Shanks, Head of Scotland at Addleshaw Goddard, highlighted areas including Corporate, Real Estate, Disputes and Global Investigations as having a particularly successful year, as well as Infrastructure, Projects and Energy, where the team has added another four Partners making it the largest in Scotland.

He added: “These results mark another excellent year for Addleshaw Goddard as the firm has once again achieved significant success across all markets, with our performance in Scotland contributing strongly to that success. Our teams across the country provide services to clients locally, nationally, and globally, and are well regarded for their first-rate work in all practice areas and sector. We have ambitious plans for Scotland, where our aim is to be the leading law firm in the country while supporting the growth of Addleshaw Goddard internationally.”

Commenting on the Firm’s performance in the financial year ending April 2024, Andrew Johnston, Addleshaw Goddard Managing Partner, said: “These results show us continuing our positive trajectory with higher revenues, improved profitability and strong cash position. We saw growing client demand across a number of service-lines, particularly in areas we have been investing in such as Funds, Restructuring, Global Investigations and Financial Services. Our teams across the UK & Ireland, EMEA and Asia worked incredibly hard to deliver another strong year.

“AG’s continued momentum and strong balance sheet places us well to invest further in key markets, practice areas and sectors globally. The diversified nature of our business, coupled with our international expansion and other strategic investments, particularly in innovation and technology, means we are better placed than ever to support and service clients wherever they are doing business.”