Shepherd and WedderburnReports showed a 4.1% increase in turnover to PS59.3million for the year ended 30 April 2021. Profits before partner distributions rose 13% to PS25.3million.
Recognizing the strength of staff, a bonus of five percent of their annual salary was paid to them. This bonus is in addition to the bonuses under the performance-related bonus scheme.
All divisions saw strong revenue growth. Shepherd and Wedderburn’s corporate financing team advised on 75 transactions totaling PS7.1 billion during the year to December 2020. This is an 18% increase on the 2019 aggregate deal value.
Andrew BlainThe managing partner said that the past year was unprecedented and presented many challenges to the firm and its clients. It is encouraging to see the firm do well in such difficult circumstances. I want to thank our clients for trusting us to be their trusted legal advisor, and to show my appreciation to my coworkers for their flexibility, support, and dedication.
“Last year’s performance gives us a solid foundation from which to execute our growth strategy over the next three years. We will continue to invest in people and technology to ensure that we continue to provide high-quality and innovative services to our clients to meet their ever-changing requirements.
“Our lawyers’ quality and depth of knowledge make us well-equipped to assist clients in securing the opportunities available to them as we recover from the pandemic. This includes the positive changes required to combat climate change and provide a sustainable and green recovery.”