KEYSTONE LAW GROUP PLC - Final results for the year ended...

What this episode covers

Keystone Law Group PLC delivered a strong investor update, reporting revenue growth of 17.9% to £115.2m, adjusted PBT up 20.6% to £15.3m, and robust operating cash conversion of 98.9%. The company highlighted continued momentum in its platform law firm model, with 61 new principals, 63 new pod members and total fee earners rising 13.5% to 654. Revenue per principal increased 10.5%, supported by strong client demand, high-quality recruitment and growing cross-referrals across the firm. Keystone remains debt-free, with £9.7m cash, a progressive ordinary dividend of 24.7p per share, and a track record of returning surplus capital through dividends. Management also outlined investment in technology and AI, including the rollout of Thomson Reuters’ CoCounsel, to enhance lawyer productivity and strengthen operational efficiency. Looking ahead, Keystone expects trading conditions to remain favourable, with growth driven by recruitment, brand strength, disciplined investment and its scalable pay-when-paid model.

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This episode was published on May 1, 2026.

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Keystone Law Group PLC delivered a strong investor update, reporting revenue growth of 17.9% to £115.2m, adjusted PBT up 20.6% to £15.3m, and robust operating cash conversion of 98.9%. The company highlighted continued momentum in its platform...

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