Categories:North East,UK

Bond Pearce merger cost Dickinson Dees £728,000, accounts show

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  • A surprisingly poor set of results. It's a shame as Dickinson Dees had lots of potential in the early 2000s but for various reasons it underperformed thereafter.

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  • Bond Pearce posted its accounts in December 2013. In it's final year profits rose by 11.4% and turnover went up by 22.2%. Now the Dickie Dees figures are public, we can all see that this wasn't a merger of equals.

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  • Am I right in thinking that those results are just slightly better than the other Magic Circle firms did this year?

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  • Bond Dickinson LLP can console themselves that they are one of the "Top 25 most admired companies" in the UK alongside household names like Equiom, Saffrey Chapness and New Quadrant Partners LLP.

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  • Hats off to the Newcastle partners. Quite how they managed to persuade the Bond Pearce partners to buy into this deal is beyond me. Well done lads.

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  • Getting Bond Pearce to buy into ropey Northern firm Dickie Dees, must have been like a lottery win for the Geordie partners.

    I imagine the Newcastle Brown Ale started flowing freely when the ink was drying.

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  • Bond Pearce merger cost Dickinson Dees £728,000.

    Dickinson Dees merger cost Bond Pearce it's chance to become a top tier firm.

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  • Judge the success of the merger against the results in the next two or three years. If the profit and PEP increases then it made sense for both firms. If not, it was a mistake.

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  • Anon 2.03pm, 5th August

    Bond Dickinson's results are now public; in a rising market their revenue reached £99.1m. In their final year Bond Pearce made £50m and Dickinson Dees £48.3m, so merger has helped raise revenue by £800,000. PEP fell, but raise revenue and things start to fall into place...

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