Scottish firm Anderson Strathern had a solid 2010-11, producing a turnover rise of 3.6 per cent to bring revenue back to above £20m for the first time since before the financial crisis. The final figure of £20.4m came alongside a healthy profit of £5.7m, representing a margin of 28 per cent. Average profit per equity partner was £157,000 and the average earnings per partner figure was not much lower at £137,000.
The firm made some changes to its partnership system in the year, instituting a merit-based allocation for its 36 equity partners on top of their points-based portion of profit. Anderson Strathern also had 13 fixed-share equity partners. The number of partners has risen since the end of the past financial year with the acquisition of Glasgow-based property boutique Bell & Scott in July 2011.
Anderson Strathern has refocused its practice areas and is building up its private client and renewable energy teams.