Listed law firm group Slater + Gordon has announced year end revenue of AUS$521.9m (£242.7m), a 27% hike year-on-year from AUS$411.1m (£191.1m).

Net profit meanwhile has risen 12.2% from AUS$63m (£29.3m) to AUS$70.7m (£32.9m)

Since the announcement shares in Slater and Gordon, the world's first publicly listed law firm, have risen following a disappointing period after concerns regarding the group's acquisition of Quindell's professional services division in the UK.

Slater & Gordon bought scandal-hit Quindell's legal arm for £637m in March this year as the insurance group looks to refocus on the insurance technology market. Quindell later admitted that it had overstated its professional services division's profits.

Slater + Gordon was also forced to issue a statement to the Australian stock exchange in June after accounting errors.

Herbert Smith Freehills is advising Quindell as it faces an investigation by the Serious Fraud Office into its past accounting practices.

Slater and Gordon has expanded rapidly in the UK consumer legal market following its takeover of Russell Jones & Walker in January 2012. It has acquired several UK consumer-focused firms, including Fentons in 2013 for £32.5m and Pannone's consumer arm for £33m in 2013.

These latest results are normalised and exclude one month's impact of the professional services division.

In its financial statements the firm said that more than 85% of staff at Slater and Gordon lawyers in the UK now work within a unified system and the reaming staff will transfer in the first half of the current financial year.