Ledingham Chalmers have announced their annual results, which show a rise in turnover rise by 19% to £9.4million, with a net profit before tax of £4.1m. The firm says that this has yeilded a profit-per-member of £173,000.

Chairman David Laing said in a statement Ledingham Chalmers LLP has been able to grow by investing in existing and new talent right across the firm. This has allowed it to increase activity in the traditional corporate, commercial property, litigation and private client areas while also growing its construction, planning and rural practice.

“When a professional practice is focused on recruiting, retaining and developing the best people and ensuring that it delivers effective solutions for its clients, the result must be positive for everyone,” he said.

“We are very conscious that many clients are facing, or may yet face, severe economic pressures arising from the credit crunch and an ever-rising oil price. Our challenge is to respond by continuing to deliver effective support and value for money.

“Our continued financial growth has further secured our position in the marketplace and given us the confidence to invest for the future. Our current financial year has started well in spite of the well-publicised problems of the residential property market.

“We have stuck to our goals of remaining a well-known and trusted name in business circles, and where people at all levels are happy in their work. I hope we can also continue to surprise the market from time to time with some of the innovative things we do.”