Partner Article

Legal empire sees bright future

THE region’s biggest law firm Dickinson Dees said it is remaining cautiously optimistic about the year after enjoying an 18% rise in profits to £13m, despite a dip in fee income.

For the 2009-10 financial year the Newcastle-headquartered company said its fee income had fallen 5% to £48.8m but expects major client wins to enhance its portfolio in the coming month.

Managing partner Jonathan Blair said: “This year’s financial results echo the immense hard work and commitment of the staff at Dickinson Dees in what has been a tough economic climate.

“Our results are in tune with the budget we had forecast for the year and we have worked hard to drive efficiency savings across the firm which is reflected in this year’s profit.

“We are taking a prudent approach to 2010/11 but following a number of client wins, we are cautiously optimistic about the firm’s performance over the coming year.”

Over the past 12 months Dickinson Dees has acted on deals worth in excess of £4bn and won a range of new clients from right across the UK in all sectors – public, corporate, property and private client.

The firm has advised on some major deals over the past year for clients such as Nexus on a £230m deal to secure the future operation of the Tyne and Wear Metro and Govia Limited on its successful £375m bid for the new South Central rail franchise.

This was posted in Bdaily's Members' News section by Ruth Mitchell .