DWF's Growth Continues Unabated

10.07.2011

Business law firm DWF has continued its impressive growth by posting a 35% increase in net profit and a 15% rise in turnover to £83 million for its year ending April 2011. Profits per equity partner rose to £390,000 from £333,000 in the previous year, a 17% rise.

There was strong growth across the firm, despite a continually sluggish transactional marketplace. DWF's corporate practice grew 34%, with the firm's insurance and litigation growing by 18% and the finance and restructuring practice expanding by 16%.

DWF's commitment to delivering and expanding its sector-specialist teams over the last year has resulted in substantial growth, with expansion in most sectors well ahead of target. The DWF Food Sector group grew by 17%, and the Transport and Logistics Sector group surged in growth by 19%.

Andrew Leaitherland, managing partner at DWF, explained: "These are another set of great results and I am particularly pleased that our sector groups have grown so rapidly, reflecting our expertise in the markets in which our clients operate. Our strong growth in areas worst hit by the recession, such as corporate and real estate is testament to the efforts and professionalism of all our people."

He continued:  "We have more than doubled the size of the firm since 2007 and now have over 1,300 people across six locations. We've continued to invest in our people, and grow our client base which means that we are confident that we will continue our growth throughout this next financial year "

"This year we have been named 'National Law Firm of the Year' at the Legal Business Awards, and ranked in the top three national law firms in the country for client satisfaction in the Legal Week client Satisfaction Survey.

"Our distinctive approach has enabled us to make a number of key client acquisitions and a string of impressive lateral hires.  We continue to attract the best talent from across the legal sector, welcoming eleven new partners to the firm this year.

"We have continued to invest heavily in our transactional and contentious teams which will help to cement our extremely strong position within the legal marketplace. However, the real catalyst for our continued success is our people - they all work tremendously hard to deliver the highest quality service to all our clients."