19 February
2025
Keystone Law Group Plc
('Keystone', the 'Group'
or the 'Company')
FY Trading Update
And
Notice of Results
Keystone to deliver revenue and adjusted
profit before tax for FY 2025 slightly ahead of current market
expectations (1)
Keystone, the tech-enabled platform law firm, is
pleased to announce the following trading update for the year ended
31 January 2025 ("FY 2025" or the "Period").
The business has continued to trade well during H2
2025, building on the successful H1 2025 to deliver a strong
overall performance for FY 2025. Ongoing broad based client demand,
together with the additional contribution of those lawyers who have
recently joined us, has delivered better than anticipated revenue
for the Period. This, in conjunction with the slower than
expected reduction in interest rates means that the Board now
expects the Group to deliver revenue and adjusted profit before tax
for FY 2025 slightly ahead of current market
expectations(1).
Recruitment activity remained buoyant as we have
continued to build on the momentum of H1 2025, with 50 new
Principals joining during FY 2025, ending the Period with 455
Principals and a total of 576 fee earners.
James Knight, Chief
Executive Officer of Keystone, commented:
"I am delighted
with the continued growth and strong financial performance of the
business this year. The calibre of the lawyers now joining the
business is superb, reflecting the market leading position which
Keystone holds. By placing quality at the centre of everything we
do, we continue to drive long term, sustainable growth across the
business and value creation for all our stakeholders."
(1) Current market
expectations for FY 2025: revenue £94.0m and adjusted PBT
£11.9m
Notice of
results
Keystone will be announcing its final results for the
year ended 31 January 2025 on Thursday, 1 May 2025.
Analyst
Briefing
A virtual meeting for sell-side analysts will be held
virtually at 9.30 a.m. on Thursday, 1 May 2025. Analysts wishing to
attend this event can register via email at:
keystonelaw@vigoconsulting.com
Retail Investor
Presentation
Keystone's management team will provide a separate
presentation and Q&A for retail investors at 1.00 p.m. on
Tuesday, 6 May 2025.
The presentation will be hosted on the Investor Meet
Company platform, where questions can be submitted pre-event up
until 9.00 a.m. on the day before the meeting, or at any time
during the live presentation.
Investors can register for free and subscribe to
alerts on Keystone by visiting:
www.investormeetcompany.com/keystone-law-group-plc/register-investor
Investors who already follow Keystone on the Investor
Meet Company platform will automatically be invited.
For further
information please contact:
Keystone Law Group
plc
James Knight, Chief Executive Officer
Ashley Miller, Finance Director
www.keystonelaw.com
+44 (0) 20 3319 3700
Panmure Liberum
Limited (Nominated Adviser and Joint Broker)
Atholl Tweedie (Corporate Finance)
Rupert Dearden (Corporate Broking)
www.panmureliberum.com
+44 (0) 20 7886 2500
Investec Bank plc
(Joint Broker)
Carlton Nelson
James Rudd
www.investec.co.uk
+44 (0) 20 7597 5970
Vigo Consulting
(Financial Public Relations)
Jeremy Garcia / Fiona Hetherington
keystonelaw@vigoconsulting.com
+44 (0)207 390 0233
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").
Notes to editors
Keystone (AIM: KEYS), is an
award-winning, UK Top 100, law firm, providing conventional legal
services in a £10bn addressable market through its scalable and
unique model, with three defining characteristics:
· Lawyers have freedom, flexibility and autonomy, and are paid
up to 75% of what they bill.
· Lawyers determine how, when and where they work, in contrast
to the conventional law firm model.
· Lawyers are provided full infrastructure and support via its
central office team, bespoke user-friendly IT platform, and network
of colleagues and events.
Keystone is a full-service law firm,
with 20 service areas and more than 50 industry sectors delivered
by over 450 high calibre self-employed Principal lawyers who work
from their own offices.
More information about Keystone can
be found at www.keystonelaw.co.uk.