UK's Keystone Law full-year revenue rises 17.9%

Keystone Law

29/04/2026 07:14

Overview

UK platform law firm's full-yr revenue rose 17.9%, marginally ahead of company-provided market expectations

Adjusted basic EPS for the year rose to 37.0p from 30.4p

Company added record number of fee earners, up 13.5% to 654

Outlook

Keystone expects adjusted PBT for 2027 to be ahead of company-compiled market expectations

Company says client demand and recruitment activity remain positive in Q1 2027

Keystone sees trading conditions largely unchanged from last year

Result Drivers

CLIENT DEMAND - Sustained, broad-based client demand drove revenue growth, according to the company

RECRUITMENT - Record recruitment of fee earners, including Principals and pod members, supported revenue and profit growth

TECHNOLOGY AND AI - Ongoing investment in IT infrastructure and AI initiatives enhanced service delivery and supported growth

Company press release: ID:nRSc2872Ca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue per Principal
GBP 243,000
FY Adjusted Pretax Profit
GBP 15.3 mln
FY Revenue Growth
17.9%


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy."

Wall Street's median 12-month price target for Keystone Law Group PLC is GBp970.00, about 104.2% above its April 28 closing price of GBp475.00

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)