Stones falters as reorganisation grips

TURNOVER at South West firm Stones has remained all but static, inching up by just £100,000, from £7.8m to £7.9m, following a year of reorganisation.

Last November Stones rejigged its management structure, with partner Paul Keeling being handed the newly created role of chief executive. The firm’s former senior partner Hugh Winterbotham and former managing partner Bronwen Courtenay-Stamp have returned to full-time fee-earning.

Stones has also recruited its first full-time HR executive as part of a drive to focus on staff issues. The firm also closed its underperforming Sidmouth office in April. Stones revealed that its five other offices in the South West had all experienced steady growth.

Stones’ niche national and international travel practice was the firm’s best-performing group, with commercial property a strong second.