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.

  

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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.