The results take the firm’s turnover to £60m, up from the £56m billed last year. Dickinson Dees’ volume business division – which was recently re-branded as D3 – contributed fees totalling £6.6m.
The remaining £53.4m billed by the firm’s core practice areas represents growth of around 12% on last year for non-volume billings. Corporate increased its turnover by 22%, while litigation, private client and property each grew fee income by approximately 8%.
The firm also pointed to significant growth at its
D3 deals with volume work including re-mortgage and conveyancing – practices which have been hit by the economic downturn. Last November the firm announced that it was axing 17 staff from its re-mortgage division, clients of which included stricken
Commenting on the results, Dickinson Dees managing partner Jonathan Blair said: “We have experienced strong growth across all core sectors, advising clients from FTSE-listed companies to major local authorities to private individuals and small owner-managed businesses.”
Although Dickinson Dees has yet to calculate its final profits figures for 2007-08, it is thought average partner profits are unlikely to improve on last year’s mark of £375,000.
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