Residential property
16 Jul 2018 News

Gillespie Macandrew reports sixth consecutive year of growth

Gillespie Macandrew LLP has reported a sixth year of positive growth with an almost 6% rise in turnover for the financial year 2017-2018.  Turnover for the year to 28 February 2018 was £12.01m compared to £11.36m for the previous year.  The firm reported an 8 per cent growth in profit.

Gillespie Macandrew, which rebranded in 2017 incorporating its well-known Edinburgh business Hunter’s Residential has continued to focus on organic growth across its offices in Edinburgh, Glasgow and Perth with a focussed, sector-led strategy.  

Illustrating the success of this strategy, the Energy Team completed over 200 energy projects in 2017 with a global development value of £3.27bn and was awarded “Corporate Deal Team of the Year” at the Scottish Legal Awards. 

The firm has continued to invest in strengthening its existing sector teams. During the year a number of significant hires and internal promotions, which included two internal partner appointments in Commercial Real Estate and Construction and Planning, brought the number of partners and staff from 137 to 144.  The Tax team has also been expanded with the recruitment in 2017 of Anne Marie Renz, Tax Director and Alison Pryde, Senior Tax Manager.

CSR has continued to be an important area of focus for Gillespie Macandrew and once again the firm was pleased to donate one per cent of last year’s profit to its two partner charities, Children in Scotland and The Rock Trust. In addition, staff participate in many CSR activities supporting these and other charities, including Rossie Young People’s Trust, on a range of activities including volunteer away days and staff-led fund raisers.

As a progressive law firm, Gillespie Macandrew is to date the only Scottish law firm to appoint non-lawyers to both of its senior management roles with the appointment of Fiona Morton as Chair in March 2017 and Robert Graham-Campbell as CEO in October 2017. 

In addition, Gillespie Macandrew runs its own development and training academy using a mix of internal and external providers, giving its people a sound platform to become tomorrow’s leaders of the firm.

Chief Executive Officer Robert Graham-Campbell said:

“It has been a full and exciting year for the firm.  We have achieved another year of strong financial performance with satisfactory growth in turnover and profits. We continue to be debt free and with strong cash balances, providing a strong financial base for investment in improvements in our services to clients, for example in training and developing our staff and in IT solutions, as well as in growing our business through expansion. 

“Against a backdrop of continued political and economic uncertainty, Gillespie Macandrew continues to see opportunities for growth in our sector-led focus.  With offices in Edinburgh, Perth and Glasgow, our priorities remain to further reinforce our existing service areas and to expand our presence in these locations in order to deliver long term profitable growth.” 

Chair Fiona Morton said:

“I am delighted with the progress made this year which continues to build on the substantial growth we achieved last year. 

“It is testament to the hard work of everyone associated with the firm and as ever we are grateful for the loyalty of existing clients and the engagement with new ones.

“I am particularly proud of our training academy as it provides the skill-set needed for future partners so that our lawyers are all round business people who can interact and work well with clients in any situation. Clients appreciate a knowledgeable advisor who can speak on their level and advise on a wide range of issues, not just purely legal issues. .”

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