Keystone Law Group Plc (LSE:KEYS) reported higher revenue and adjusted profit for the six months ended 31 July 2026, while the company said it expects full-year 2027 revenue and profits to exceed current market expectations.
Revenue increased 22.5% year on year to £66.3 million, while adjusted profit before tax rose 31.3% to £9.6 million. Net cash increased to £10.5 million.
The financial performance supported an increase in the interim ordinary dividend as well as the payment of a special dividend.
Fee Earner Numbers Increase
Keystone added 23 new Principals during the period and increased its total number of fee earners to 682. The increase came despite what the company described as a softer recruitment market.
The group operates a platform-based legal services model under which its self-employed Principal lawyers receive up to 75% of their billings, supported by a central office and the company’s technology infrastructure.
Keystone serves clients ranging from start-ups to multinational companies and high net worth individuals.
Keystone Expands AI Tools
The company also continued to invest in its technology platform during the first half, including the rollout of CoCounsel Legal as part of its suite of artificial intelligence tools.
Keystone’s model provides its lawyers with central infrastructure and technology while allowing them autonomy over how, when and where they work. The company has more than 500 self-employed Principal lawyers and operates in what it estimates to be a £14 billion addressable UK legal market.
Board Expects Results Above Market Forecasts
Following the first-half performance, Keystone’s board said it now anticipates that revenue and profits for the full 2027 financial year will exceed current market expectations.
The company, which has been publicly listed since its 2017 initial public offering, said its strategy remains focused on organic growth supported by investment in its technology platform and lawyer network.
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