Brodies marks 15 years of consecutive growth with record revenue

Jul 21

3 min read

Brodies LLP has reported its 15th consecutive year of growth, with revenue rising to £126.7m for the financial year ending 30 April 2025—an 11 per cent increase from £114.3m the previous year.

Operating profit also grew, reaching over £50m, up from £49.2m, with profit per equity partner recorded at £885,296.

All the firm's core practice areas: banking and finance; corporate and commercial; dispute resolution and risk; personal and family; and real estate made progress. The full-service law firm, which has offices in Edinburgh, Glasgow, Aberdeen, Inverness and London, saw growth in instructions for work in Scotland, the UK and internationally.

Brodies' continued investment in its people saw headcount increase by five per cent, from 837 to 883. This included the appointment of banking and finance partner James Wilson and seven internal partner promotions. The firm also awarded a five per cent bonus to all eligible colleagues, alongside individual performance bonuses and salary increases.

Cash balances at year-end stood at £23.7m, up from £20.9m the previous year.

The firm's latest results come as Iain Rutherford steps up to chair, succeeding Christine O’Neill KC, who completed four three-year terms in the role. Christine continues in her role as partner.

In June, the firm held its inaugural all-colleague conference, ‘Being Brodies: Live!’ where more than 600 colleagues came together to celebrate its culture and values.

Brodies managing partner Stephen Goldie said: "Achieving progress amid continuing domestic and global headwinds reflects the resilience and ambition of our clients in Scotland, across the UK and internationally. Their trust in us to deliver results on complex and exciting mandates inspires us to work harder and smarter every day.

"Recording our 15th consecutive year of growth is testament to the strength of those relationships and the dedication of our colleagues to deliver exceptional legal services.

"As we enter the second year of our current three-year strategic cycle, we remain focused on those plans—recognising the talent and contribution of our colleagues, encouraging greater collaboration across our firm and with our clients, and investing in our offices and in technology that augments the high standards our clients expect.

"We also welcome our new chair, Iain Rutherford, and extend our utmost thanks to Christine O'Neill KC for the considerable wisdom and unwavering commitment she brought to the role of chair. Clients and colleagues alike will continue to benefit from those qualities in her role as a partner in our disputes team.

"The year in review marks my first full year as managing partner. In that time, it has been my privilege to work closely with many colleagues across the firm. I am continually impressed by the exceptional talent and kindness that I witness daily. It reminds me that over and above everything else, we are a people business that believes in our core values."

Brodies reported some of the highlights of the financial year, including acting as lead legal adviser in the creation of new template agreements to encourage landowners and investors across the UK to participate in woodland and peatland carbon projects.

The highlights also included the commissioning of a UK-wide survey to assess awareness, preparedness and concerns around wealth transfer and estate planning. The survey revealed that UK residents aged 50 and over are underprepared for the upcoming changes to inheritance tax, with only 26 per cent fully understanding how the new rules will impact their wealth transfer plans.

In addition, the firm referenced its support of Judy Murray's ‘Learn to Lead’ initiative, designed to equip and empower young girls to become Scotland’s next generation of sporting leaders.

www.brodies.com