Keystone Law makes significant progress ahead of maiden results

Challenger law firm Keystone Law issued a pre-close trading update ahead of its maiden final results for the year ended 31 January on Wednesday.

The AIM-traded firm said it continued to trade “strongly” through the period, adding that it expected to report profits which would be comfortably ahead of current market expectation.

“As outlined at the time of the group's IPO in November, Keystone is well-positioned to establish itself as one of the leading UK mid-market law firms with a clear and simple growth strategy enabling it to take advantage of the significant addressable market,” the board said in its statement.

“Keystone's distinctive platform model continues to attract good quality, experienced new lawyers together with new clients.”

During the period, the group said it continued to invest in its infrastructure and recruitment capabilities to further support and drive the future quality-centric growth of the business.

The group would be announcing its maiden final results on 25 April.