Philip Rodney, Chairman of Burness Paull
The law firm is set to deliver significant growth in the next three years after posting steady a financial performance this year, according to chairman Philip Rodney.
The Scottish law firm reported a turnover of £53.8M, up 1% from £53.3M the previous year, with profit marginally down on 2015/16 from £22.5M to £22M.
Commenting on the results, Philip Rodney said: “We have delivered a steady financial performance in what has been a bumpy year for the Scottish economy.
“There will undoubtedly be more challenges to come as a result of the political and economic backdrop. However there will be opportunities for those who are prepared to be bold and embrace the future.”
The firm has a three-year strategy aimed at delivering growth across its Aberdeen, Edinburgh and Glasgow offices, as well as developing its international initiatives.
Philip continued: “The speed of change has never been greater. Our strategy builds on the successful platform that we have created.
“Growth will come from our agility in developing our service lines to support the changing needs of our clients both here and internationally. In particular, we anticipate increased activity in energy, technology and tax.
“In planning for that, we have invested heavily in people and technology. This will enable us to develop our resource and provide operational efficiencies.”
Part of the company’s ethos is a commitment to technology and the implementation of their cloud computing strategy.
The firm is also looking to innovate across the company with new “agile working pilots” that aim to create a more responsive, efficient and effective organisation.
The goal is to empower employees to work how, where and when they choose. Though just a trial at the moment, there are hopes that this can be rolled out company-wide.
Work highlights demonstrate Corporate Scotland’s resilience in the current political and economic climate. An upturn in inward investment into Scotland has been a feature of this activity.
The company is also confident about the future outlook for business throughout Scotland, with Philip adding: “Scotland continues to produce exciting, dynamic businesses. It is increasingly attractive for inward investment - more so than any region out with London.
“This year, for example, we have had instructions from new clients in the US, China, Norway and Israel. In addition, a substantial part of our practice is in acting for clients who are doing business beyond our boundaries.
“The geo-political backdrop and the impact of the technological push over the next three years will generate enormous changes in the way business is conducted. Analysing the problems and the opportunities will be one thing. But creating solutions will be another. That is an exciting setting for us to build the firm.”