Keystone Law Group PLC Notice of Final Results (8568Y)
18 Janeiro 2022 - 11:22AM
UK Regulatory
TIDMKEYS
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
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
Investec Bank plc (Joint Broker)
Carlton Nelson Tel: +44 (0) 20 7597
5970
James Rudd www.investec.co.uk
FTI Consulting
Laura Ewart Tel: +44 (0)7711
387 085
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 GBP9bn
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 .
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END
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January 18, 2022 09:22 ET (14:22 GMT)
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