REG - Keystone Law Grp PLC - Full Year Pre-Close Trading Update

Keystone LawAnnouncement

13/02/2020 07:00

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RNS Number : 8382C  Keystone Law Group PLC  13 February 2020

 For immediate release  13 February 2020

 

 

Keystone Law Group plc

 

('Keystone' or the 'Group')

 

Full Year Pre-Close Trading Update

 

Notice of Final Results

 

Keystone Law (AIM:KEYS), the fast growing, UK Top 100, challenger law firm, is
pleased to announce the following pre-close trading update ahead of its final
results for the year ended 31 January 2020 (the 'period').

 

The Board is pleased to report that the Group has continued to trade strongly
through the period, delivering significant growth and expects to report
results which will be in line with current market expectations.

 

Keystone is well positioned to establish itself as one of the leading UK
mid-market law firms with a clear and simple organic growth strategy enabling
it to take advantage of the significant addressable market.  Keystone's
distinctive platform model continues to attract good quality, experienced new
lawyers together with new clients.

 

James Knight, Chief Executive Officer of Keystone, said: "Over the last twelve
months we have continued to make excellent progress in driving growth by
attracting high-calibre lawyers who are keen to take advantage of the benefits
that our distinctive model offers.  We look forward to updating the market on
our financial and operational performance when we report our full year results
in late April."

 

The Group will be announcing its final results on Tuesday, 28 April 2020.  An
analyst briefing will be hosted at 09.30hrs on the morning of results at the
offices of Buchanan, 107 Cheapside, London, EC2V 6DN.

- Ends -

 

For further information:

 Keystone Law Group plc
 James Knight, Chief Executive Officer  Tel: +44 (0) 20 3319 3700
 Ashley Miller, Finance Director        www.keystonelaw.co.uk (http://www.keystonelaw.co.uk)

 

 Panmure Gordon (UK) Limited

 (Nominated Adviser and Broker)
 Dominic Morley (Corporate Finance)  Tel: +44 (0) 20 7886 2500
 Erik Anderson (Corporate Broking)   www.panmure.com (http://www.panmure.com)

Media enquiries:

 Buchanan
 Henry Harrison-Topham / Steph Watson                              Tel: +44 (0) 20 7466 5000
 KeystoneLaw@Buchanan.uk.com (mailto:KeystoneLaw@Buchanan.uk.com)  www.buchanan.uk.com (http://www.buchanan.uk.com)

 

 

Notes to editors

 

Keystone Law is a UK Top 100, fast growing, profitable and cash generative
challenger law firm. Established in 2002, Keystone is one of the first
platform models disrupting the traditional law firms operating within the
legal services mid-market. Keystone's model permits rapid scalability,
enabling the Group to increase the number of revenue generating lawyers more
quickly than the traditional model.

 

As a full service law firm, Keystone delivers conventional legal services
across more than 20 service areas and over 50 industry sectors to a client
base comprising predominantly of SMEs and private individuals.  These
services are delivered by over 300 experienced self-employed lawyers who work
from their own offices; with no fixed remuneration their fees are calculated
with direct reference to the income they generate for the Group. The lawyers
are fully supported by the Group's central office team of approximately 40
employees, and are therefore able to focus entirely on business development
and the delivery of legal work.

 

With the head office located in the heart of London's legal district on
Chancery Lane, the Group uses its bespoke proprietary software platform to
enable Keystone's lawyers to interact with the central office team and each
other in an easy and efficient manner, whilst extensive networking and social
events engender a strong sense of belonging to the Keystone family. The
platform also drives interaction, co-operation and a strong corporate culture
across the business.

 

Keystone joined the AIM market of the London Stock Exchange in November 2017,
raising £15 million, under the ticker KEYS.  More information can be found
at: www.keystonelaw.co.uk/ (https://www.keystonelaw.co.uk/)

 

The information contained within this announcement is deemed by the Group to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014.  Upon the publication of this announcement via a
Regulatory Information Service, this inside information is now considered to
be in the public domain. The person responsible for arranging the release of
this announcement on behalf of the Group is Ashley Miller, Finance Director.

 

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