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(Sharecast News) - Keystone Law Group said on Wednesday that it expected to report full-year revenue and adjusted profit before tax marginally ahead of current market expectations for the year ended 31 January, supported by strong trading and continued client demand.
The AIM-traded law firm said buoyant trading conditions during the period drove an increase of just under 10% in revenue per principal compared with the prior year, contributing to an improved overall financial performance.
Headcount growth also supported the outturn, with the recruitment of 61 new principals and a net increase of 36 pod members lifting total fee earners by 13.5% to 654.
The number of principals rose 7.7% to 491, while other fee earners increased 35.8% to 163.
Keystone said those factors underpinned both current and future performance and led the board to expect that 2026 financial year revenue and adjusted profit before tax would come in marginally ahead of market forecasts.
"I am delighted that Keystone has delivered such an impressive performance across 2026, beating market expectations," said chief executive James Knight.
"These financial results, supported by a strong operational performance across the business, are testament to the broad appeal of Keystone's brand and our ongoing ability to attract and retain highly successful lawyers.
"Our position as the premier tech-enabled platform law firm, supported by the strength of our business proposition to both lawyers and their clients, reinforces our ongoing confidence to drive the business forward to deliver sustainable long-term success for all stakeholders."
At 0901 GMT, shares in Keystone Law were up 0.17% at 583p.
Reporting by Josh White for Sharecast.com.
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