29 April 2021
Resilient financial performance supported by a differentiated & scalable business model
Keystone Law Group plc (AIM: KEYS), the fast growing, UK Top 100, challenger law firm, today announces its full year results for the year ended 31 January 2021 ('FY2021').
Current trading and outlook
James Knight, Chief Executive Officer of Keystone Law, commented:
The nature of Keystone’s business model, whereby our 350+ lawyers were all well acquainted with remote working when lockdown began, has undoubtedly made it easier for the firm to remain 100% operationally efficient since March 2020. Nevertheless, I am extremely proud of what the firm and our people have achieved in the last year, not just for maintaining that efficiency but also for delivering solid growth. I was particularly impressed with how our central office team switched seamlessly to home working and their collective performance since in supporting our lawyers has been faultless.
I am excited about the year ahead, not least because the vast majority of the legal profession has started to suspect something that we have known for 20 years: if the right tools and infrastructure are in place then lawyers, even when undertaking complicated, multi-disciplinary transactions, can deliver a far better service if they are given flexibility and autonomy while enjoying a better work-life balance.
For further information please contact:
| Keystone Law Group plc|
James Knight, Chief Executive Officer
Ashley Miller, Finance Director
|+44 (0) 20 3319 3700|
|Panmure Gordon (UK) Limited (Nominated Adviser and Joint Broker)|
|Dominic Morley (Corporate Finance)|
Erik Anderson (Corporate Broking)
|+44 (0) 20 7886 2500|
|Investec Bank plc (Joint Broker)|
|+44 (0) 20 7597 5970|
|+44 (0)7711 387 085|
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”).
A meeting for analysts will be held virtually at 9.30am today, 29 April 2021. Analysts wishing to attend this event can register via email at [email protected]. Keystone's Full Year 2021 results announcement will also be available today on the Group's website at www.keystonelaw.com.
Notes to editors
Keystone is an award-winning law firm, providing conventional legal services to SMEs and high net worth individuals in a £9bn addressable market.
Keystone has a scalable and unique model, with three defining characteristics:
Keystone is a full-service law firm, with 20 service areas and more than 50 industry sectors delivered by over 350 high calibre self-employed lawyers who work from their own offices.
In November 2020, Keystone was named Law Firm of the Year by The Lawyer, the first time a ‘new’ law firm has won the award.
More information about Keystone can be found at www.keystonelaw.co.uk.