Keystone Law Group PLC Full Year Pre-Close Trading Update (8382C)
February 13 2020 - 1:01AM
UK Regulatory
TIDMKEYS
RNS Number : 8382C
Keystone Law Group PLC
13 February 2020
For immediate release 13 February 2020
Keystone Law Group plc
('Keystone' or the 'Group')
Full Year 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 ended 31
January 2020 (the 'period').
The Board is pleased to report that the Group has continued to
trade strongly through the period, delivering significant growth
and expects to report results which will be in line with current
market expectations.
Keystone is well positioned to establish itself as one of the
leading UK mid-market law firms with a clear and simple organic
growth strategy enabling it to take advantage of the significant
addressable market. Keystone's distinctive platform model continues
to attract good quality, experienced new lawyers together with new
clients.
James Knight, Chief Executive Officer of Keystone, said: "Over
the last twelve months we have continued to make excellent progress
in driving growth by attracting high-calibre lawyers who are keen
to take advantage of the benefits that our distinctive model
offers. We look forward to updating the market on our financial and
operational performance when we report our full year results in
late April."
The Group will be announcing its final results on Tuesday, 28
April 2020. An analyst briefing will be hosted at 09.30hrs on the
morning of results at the offices of Buchanan, 107 Cheapside,
London, EC2V 6DN.
- Ends -
For further information:
Keystone Law Group plc
James Knight, Chief Executive Tel: +44 (0) 20 3319 3700
Officer
Ashley Miller, Finance Director www.keystonelaw.co.uk
Panmure Gordon (UK) Limited
(Nominated Adviser and Broker)
Dominic Morley (Corporate Finance) Tel: +44 (0) 20 7886
2500
Erik Anderson (Corporate Broking) www.panmure.com
Media enquiries:
Buchanan
Henry Harrison-Topham / Steph Watson Tel: +44 (0) 20 7466 5000
KeystoneLaw@Buchanan.uk.com www.buchanan.uk.com
Notes to editors
Keystone Law is a UK Top 100, fast growing, profitable and cash
generative challenger law firm. Established in 2002, Keystone is
one of the first platform models disrupting the traditional law
firms operating within the legal services mid-market. Keystone's
model permits rapid scalability, enabling the Group to increase the
number of revenue generating lawyers more quickly than the
traditional model.
As a full service law firm, Keystone delivers conventional legal
services across more than 20 service areas and over 50 industry
sectors to a client base comprising predominantly of SMEs and
private individuals. These services are delivered by over 300
experienced self-employed lawyers who work from their own offices;
with no fixed remuneration their fees are calculated with direct
reference to the income they generate for the Group. The lawyers
are fully supported by the Group's central office team of
approximately 40 employees, and are therefore able to focus
entirely on business development and the delivery of legal
work.
With the head office located in the heart of London's legal
district on Chancery Lane, the Group uses its bespoke proprietary
software platform to enable Keystone's lawyers to interact with the
central office team and each other in an easy and efficient manner,
whilst extensive networking and social events engender a strong
sense of belonging to the Keystone family. The platform also drives
interaction, co-operation and a strong corporate culture across the
business.
Keystone joined the AIM market of the London Stock Exchange in
November 2017, raising GBP15 million, under the ticker KEYS. More
information can be found at: www.keystonelaw.co.uk/
The information contained within this announcement is deemed by
the Group to constitute inside information as stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain. The
person responsible for arranging the release of this announcement
on behalf of the Group is Ashley Miller, Finance Director.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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