Dickie Dees posts 2% revenue rise for 2011-12 financial year
Dickinson Dees has unveiled solid financial results for 2011-12, with turnover rising by 2.4% to reach £46.1m. The year also saw profit grow by 10% to £12.1m, with income for the first four months of 2012 up 12% year-on-year.
May 15, 2012 at 07:03 PM
2 minute read
Dickinson Dees has unveiled solid financial results for 2011-12, with turnover rising by 2.4% to reach £46.1m.
The year also saw profit grow by 10% to £12.1m, with income for the first four months of 2012 up 12% year-on-year.
The firm's profits per equity partner figure is as yet unconfirmed, but is expected to be in the region of £240,000-£250,000, up from last year's figure of around £222,000.
The financial year saw the northeast firm act on deals with a total value of more than £2.3bn, with the £188m procurement of 130 new Electrostar rolling stock vehicles for Southern Railway among the largest.
The 57-partner firm, whose key clients include business turnaround specialist Melrose and house builder Bellway, was recently appointed to advise the Government on the second wave of free schools, with other new client wins including Liverpool City Council and Leeds City College.
The five-office firm recently vacated its York base in favour of a new office in Leeds, relocating 29 lawyers and 33 staff four years after it entered the Yorkshire market. Managing partner Jonathan Blair (pictured) said the business would be better served from Leeds, noting client demand for services did not necessitate a presence in York.
Meanwhile, the firm's first full-time London partner, Martin Stacey, was hired from LG earlier this year, with a mandate to develop the property practice. Former Pinsent Masons property partner Mark Owen joined the Leeds office last month, with pensions partner Tracy Walsh made up in Newcastle.
Blair commented: "Whilst we are pleased with our results, the fact remains that we are still operating in a difficult economic environment. Notwithstanding this and the level of investment into the firm, we have posted a strong set of results giving us the right platform from which to continue to grow our business as we look ahead to the next 12 months."
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