Listed law firm Rosenblatt's revenue has hit £12.5 million in its first financial results since it floated on the AIM market last year. 

The amount is up 19% on 2017′s figure of £10.5 million, while its pre-tax profit has remained flat at £3 million.

The figures announced today represent the eight-month period between May 2018 and 31 December 2018. The firm took a pro rata eight-month period from its 2017 results to make a comparison.

Rosenblatt will pay out a first dividend of 2.8p per share to investors on May 10 – higher than the 2.5p predicted at the time of the flotation, according to the company.

Meanwhile, its annual revenue per fee-earner hit £400,000. Rosenblatt has 47 fee earners.

Rosenblatt Group CEO Nicola Foulston told Legal Week the firm intends to grow organically and possibly with acquisitions. 

She said the company had hoped to make an acquisition within the first full year since the firm's flotation last May. She gave "Brexit uncertainty" as the first reason why it hasn't happened, and said a secondary reason is her "concern" over acquisitions made by peers.

"We have been concerned with the structuring of some deals been done in our sector. We don't think they are value for money for shareholders, or appropriate.

"In a people business, we believe the cash element to any transaction should not exceed 40% of the valuation. To pay predominantly cash on day one of an acquisition makes no sense at all."