Liverpool-headquartered law firm Hill Dickinson reveals nine-figure turnover

New figures have revealed that global law firm Hill Dickinson achieved seven-figure growth in the year ending April 30 2016.

The Liverpool-headquartered company turned over £103m with a distributable profit of £17.7m during the period, which is an increase of £2.3m compared to the year previous.

In total, Hill Dickinson’s profit per equity partner for the 12 months stood at £314k, while the firm also managed to slash its total borrowings by 25% and cut net debt by 20% as a result of “continued financial discipline and focus”.

The year saw the company acquire the wealth management and commercial practices of law firm Matthew Arnold & Baldwin, take on 14 trainees and 11 apprentices and promote 31 lawyers.

Peter Jackson, Hill Dickinson’s newly appointed CEO, commented: “These results show the progress we have made against our strategic priorities.

“They are particularly pleasing given market conditions remain robust and the fact that they follow a period of significant restructuring for us.”

He added: “It’s no secret that the volume end of the insurance market has been tough and there are hard recessionary issues at play in global shipping but the breadth of our offering brings a resilience to our business and we are protected from the worst of these challenges.”

Despite the difficult backdrop, Hill Dickinson is seeing “strong growth” in its commercial and health practices, in addition to retail, commodities and education, Peter explained.

He continued: “Technology is transforming the legal sector and our continued commitment to innovation will ensure we are able to meet the evolving needs of our clients. This year will see us invest in a number of areas with the aim of enhancing the capability and performance of our business.”

Click here to read Hill Dickinson associate Jade Chan’s reaction to November’s Autumn Statement.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →