Firm of commercial lawyersBurness PaullIn 2020/21, the company recorded profits of PS33.3million, an astonishing rise of 39% despite the economic turmoil caused by the Covid-19 pandemic.
Firm’s strong revenue performance was due to a rigorous programme of client listening, rapid response during the pandemic and growth in key sectors such as technology, health and energy transition.
The firm’s annual income was PS72 million in the year ended 31 July 2021. This is an increase of 19% over the previous year.
ChairpersonPeter LawsonAssisting as Managing PartnerTamar TammesThe re-elected members of the House of Representatives have a greater commitment to conducting and delivering strategic reviews with clients.
The firm’s new strategic plan for three years will continue to invest in exceptional legal talent and class-leading technology in order to further innovate and improve the delivery of its services.
Lawson commented on the firm’s financial results and said that “our results have no doubt been benefited from the timing our financial year as we’ve had a few more month of the upturn then some other firms.”
“Our performance was significantly improved from the previous year due to investments in people development and recruitment, innovation, and most importantly, a unwavering commitment for our clients’ needs and their response to shifts within the markets they work in.
Client-based insight is what allowed us to develop sector teams, best in class lateral hires, and new practice areas.
He said, “The past year has been very challenging for all our people. It is a testament to the firm’s high-performing culture that everyone has gone to great lengths to provide first-class client support while working remotely.
“That is why it was important to reward those efforts with an increased bonus structure that is appropriate to such extraordinary commitment to serving our clients’ best interests.
“The firm also increased its commitments towards The Burness Paull Foundation, which allowed it to increase support for charitable partners who were in great need as a consequence of the pandemic.”
Burness Paull now “focuses on delivering the next step in our plan to cement firm’s transition from steady to efficient through targeted expansion into key sector underpinned by operational efficiency wherever relevant”, he said.