Ledingham Chalmers Sees Profits Fall, Will Not Hold Layoffs

Ledingham Chalmers has announced a drop in pre-tax profits of 20%, to £3.3 million ($5.5 million), in the year to March. But the firm does not intend to hold layoffs.

Activity was up in energy and rural matters, but down in property matters. Fee income fell 3% to £9.1 million ($15 million).

Other, larger Scottish rivals have made redundancies this year. Ledingham Chalmers plans to keep its workforce in the hopes that business will improve. It employs 147 staff, including 24 partners.

Ledingham Chalmers LLP is a regional law firm with offices in Aberdeen, Inverness and Edinburgh, and is one of the largest full service firms in Scotland.