Semple Fraser hails growth as fee income exceeds £10m
Scottish law firm Semple Fraser has seen its annual fee income push through the £10 million barrier, marking the third consecutive year of 20 per cent-plus growth.
The news emerged as the practice, which has offices in Edinburgh and Glasgow, said it had acquired multi-national partnership status.
This is designed to encourage lawyers from a number of countries to join together in one single partnership with a view to providing services to clients across borders. Scots law firms making the move can promote to partner-level lawyers who qualified elsewhere.
The new rule was introduced earlier this year under amended Law Society of Scotland practising regulations.
It is understood that Edinburgh-based corporate specialist Dickson Minto is the only other Scottish firm to have taken on multi-national partnership status.
Unveiling a 24 per cent hike in income to £10.8m, Semple Fraser managing partner Alister Fraser said:
"We are excited about this development because we see ourselves as a UK business practising from the Scottish Central Belt and this structure allows us to achieve our goals. "
"Yet another year of continued growth shows the firm is going from strength to strength."
The firm currently employs more than 130 staff, of which 25 are partners.
FOR FURTHER INFORMATION PLEASE CONTACT: ALISTER FRASER
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