REG - Keystone Law Grp PLC - Notice of Final Results

Keystone LawAnnouncement

18/01/2022 14:25

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RNS Number : 8568Y  Keystone Law Group PLC  18 January 2022

 For immediate release  18 January 2022

 

 

Keystone Law Group plc

('Keystone' or the 'Company')

 

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 ending 31 January 2022 (FY 2022).

 

 

The Board is pleased to report that the unique market conditions which
prevailed during 1H 2022 have continued unabated throughout 2H 2022.  We have
benefitted from high levels of demand across the legal sector to deliver
strong revenue, whilst the COVID restrictions have again caused a range of
activities to be curtailed resulting in one off cost savings. Once again, we
have seen that the implementation of COVID related restrictions negated the
traditional pre-Christmas slowdown with performance levels remaining strong
throughout the Christmas period.  Accordingly, the Board now expects to
report adjusted profit before tax for the period which will be materially
ahead of current market expectations.

 

 

 

James Knight, Chief Executive Officer of Keystone, said: "I am delighted with
the way that the business has performed this year. Demand across the legal
marketplace has been high throughout the period and the Keystone model,
designed culturally and technologically to enable flexible and remote working,
has ensured that our lawyers have been perfectly positioned to take advantage
of this."

 

The Group will be announcing its final results for the year ending 31 January
2022 on Thursday 28 April 2022.

- Ends -

 

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the company's obligations under Article 17 of
MAR.

 

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

                                      Investec Bank plc (Joint Broker)
                                      Carlton Nelson                                                          Tel: +44 (0) 20 7597 5970
                                      James Rudd                                                              www.investec.co.uk (http://www.investec.co.uk)

 FTI Consulting
 Laura Ewart                                                                Tel: +44 (0)7711 387 085
 keystonelaw@fticonsulting.com (mailto:keystonelaw@fticonsulting.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:

·      Our lawyers have freedom, flexibility and autonomy, and are paid
up to 75% of what they bill.

·      Our lawyers determine how, when and where they work, in contrast
to the conventional law firm model.

·      We offer lawyers full infrastructure and support via its central
office, 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 380 high calibre self-employed Principals
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
(http://www.keystonelaw.co.uk) .

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