Intelligent SME.tech Issue 18 | Page 65

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// SCALING UP //

bBackground on Keystone Law

Established in 2002 , Keystone Law is an award-winning UK law firm that operates a consultancy business model wherein lawyers use technology and modern working practices to drive productivity and deliver results . It provides clients with high-quality legal advice from lawyers who are of an exceptional calibre . In 2017 , it became the third firm in the UK to be listed on the London Stock Exchange .
Today , Keystone Law has more than 400 lawyers , 47 support staff and many thousands of clients . The firm was also named Law Firm of the Year at The Lawyer Awards 2020 and recognised as one of the best law firms in the UK by The Times .
Keystone Law continues accelerated growth and ‘ lawyer-first strategy ’ supported by NetDocuments
Unlike traditional law firms , Keystone Law operates a consultancy business model . It puts the lawyer first , giving them the tools and flexibility to run their practice from any location . The lawyers are self-employed consultants , who retain up to 75 % of their billing . This business model provides Keystone Law with several competitive advantages over traditional law firms including reduced overhead costs , attractive remuneration and the ability to provide a high-quality service from wherever the lawyer feels comfortable .
Despite the challenges presented by the global pandemic , Keystone Law has continued to grow as the consultancy model has been truly validated . It has shined a light on the importance of flexibility , agility and having a ‘ lawyer-first ’ approach , something that has been at the heart of Keystone Law since it was founded .
In 2020 , Keystone Law achieved revenue growth of 10.9 % to £ 55 million . It also welcomed 58 new senior level lawyers to the firm , increasing the total number of senior lawyers by 16 % to 369 . New lawyers joined

IT HAS SHINED A LIGHT ON THE IMPORTANCE OF FLEXIBILITY , AGILITY AND HAVING A ‘ LAWYER-FIRST ’ APPROACH .
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