Scottish law firm Burness Paull saw its profits decline as the “shock” of the Brexit vote affected business.
But the firm, which booked an increase in turnover for the year ended 31 July, said that while many of its clients were getting through stages of mourning following the EU referendum, the firm was now said it was “beginning to experience nearer normal market conditions” in more recent trading.
Philip Rodney, chairman of Burness Paull said the timing of the firm’s financial year meant it captured the immediate pre- and post-Brexit effects.
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