(Sharecast News) - Challenger law firm Challenger law firm Keystone Law Group said on Monday that it now expects both full-year revenue and adjusted pre-tax profits to be "marginally ahead" of current market expectations. Group said on Monday that it now expects both full-year revenue and adjusted pre-tax profits to be "marginally ahead" of current market expectations.
Keystone Law reported 398 principals and a total of 507 fee earners at the year-end, despite the "ongoing competitive nature" sof the legal recruitment market.
The AIM-listed group said this result walls achieved against a backdrop of much publicised instability" within the broader UK economy during the second half which further impacted the volume of candidates moving across the industry.
Chief executive James Knight said: "There is no question in my mind that the benefits of the Keystone model have been completely validated by the shift away from conventional working practices experienced over the last few years and I am confident that as the recruitment market stabilises we will see further impetus to our future growth."
As of 1045 GMT, Keystone shares were up 8.31% at 528.0p.
Reporting by Iain Gilbert at Sharecast.com
Keystone Law G. (KEYS)