Did fewer Christmas parties drive an end of year boom at Keystone Law?
Irwin Mitchell's London office is on Chancery Lane.
Keystone Law was surprised by a better than expected Christmas period this year, and is now expecting to report profit before tax of above market expectations.
Full year revenues to 30 Jan 2020 were £49.6m, and analysts at Panmure Gordon are now anticipating FY21 revenues of £55m for the law firm, which will issue its full results in May.
Investors cheered the update, with shares in London up 6.1 per cent to 536p per share.
There is usually a slowdown in activity around the Christmas, but the latest December and January bucked that trend at the law firm, and performance levels continued on a high throughout.