Stephens Scown, the employee‑owned and B Corp Certified law firm, has reported another year of robust financial performance for 2024-25, delivering double‑digit growth and reinforcing its commitment to values‑led, sustainable business.
Profit before members’ remuneration and profit share reached £12.2m, up from £9.7m in 2023-24 – an increase of 26%, while turnover rose to £31.1m, up from £27.4m the previous year – an increase of 13%.
The firm continues to significantly invest in its long‑term future and the communities it serves, acquiring freehold premises in its traditional heartlands of Devon and Cornwall, completing a significant refurbishment project in Devon, and relocating its Somerset team to a larger, permanent office.
These developments reflect the firm’s strategic ambition to be the leading law firm in the South West, supported by a strong financial base and a clear focus on culture, client service, and sustainable growth.
Progress has largely been driven by the firm’s focus on its people, resulting in the firm retaining its place as one of the Sunday Times Best Places to Work for 2025. Continued enhancements to the employee ownership model resulted in the largest profit share to date for employee owners, reflecting the firm’s commitment to shared success. 
A comprehensive governance audit in 2024 also saw the appointment of Sam Moles and Dave Robbins as the firm’s first trustee representatives on the strategy board, ensuring the ‘voice of colleagues’ is considered when the board is evaluating and making strategic decisions.
Richard Baker (pictured above, right), Managing Partner, said: “This year’s financial performance and robust profit growth, coupled with retaining our Sunday Times Best Places to Work for 2025 placing, puts us in strong position for the future and an attractive proposition as a leading South West employer.
“Our growth enables us to continue investing in our people, our clients, and the communities we’re proud to be part of, cementing our position as a heavyweight South West law firm. As a B Corp™ and an employee‑owned firm, it’s important to us that commercial success goes hand in hand with positive impact – and these results allow us to deliver on that commitment.”
Ranked as an Associate to Watch in 2026 Chambers and Partners, Family lawyer Lisa Payne (pictured left) has joined Stephens Scown’s Somerset office at a time of significant growth in the county, bringing with her a wealth of experience and national recognition for her work.
Offering a comprehensive family law practice, Lisa advises on every aspect of Family law, from relationship breakdown to children’s arrangements. She has particular expertise in high‑value financial matters, including cases involving trusts, business assets and international considerations. She is also trained in Resolution Together, a modern approach that allows both parties to receive guidance from one lawyer as they work collaboratively to agree financial arrangements.
Sarah Atkinson, head of the firm’s Family Finance team, welcomed Lisa to the firm: “We are very excited that Lisa has chosen to join us and help us grow our team in Somerset, working alongside Partner, Lizzie Smith and solicitor, Racheal Gould.
“Her significant expertise adds to our specialist offering in Somerset and Lisa has vast experience advising clients based in the South of England generally, conducting many cases in London. It puts Stephens Scown firmly on the map as the team of choice in the region.”
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