REG - Keystone Law Grp PLC - Trading Update and Notice of Results

Keystone LawAnnouncement

19/02/2025 07:15

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RNS Number : 5968X  Keystone Law Group PLC  19 February 2025

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
(http://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 (//www.investec.co.uk)

+44 (0) 20 7597 5970

 

Vigo Consulting (Financial Public Relations)

Jeremy Garcia / Fiona Hetherington

keystonelaw@vigoconsulting.com (mailto: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
(http://www.keystonelaw.co.uk/) .

 

 

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