Bond Dickinson reveals first post merger figures with revenues of £98.3m

Bond Dickinson has unveiled combined turnover of £98.3m since the merger between Dickinson Dees and Bond Pearce went live on 1 May.

The turnover for both Bond Pearce and Dickinson Dees grew to £50.3m and £48m respectively, giving combined turnover of £98.3m.

Bond Pearce reported the biggest growth, turning over 8 per cent more than it did in 2011/12, when revenue stood at £46.5m. Profit per equity partner (PEP) also increased 14 per cent, from £235,000 to £268,000. 

This compared to a 4 per cent rise in turnover for Dickinson Dees from £46.1m to £48m, while the firm’s PEP grew 2 per cent from £235,000 to £240,000. 

Managing partner Jonathan Blair said the financial results “reveal solid growth” for both legacy firms, adding that the revenue figure places Bond Dickinson in the Top 40 of UK law firms.

He said: ”We are very pleased with the growth achieved by both firms in this last financial year, which provides a strong platform for our first year of trading as Bond Dickinson. We have already been successful in being re-appointed to several panels along with a number of other panel wins.

The merger, which was voted through by partners at both firms in December 2012 (6 December 2012), bought the combined firm’s tally of offices up to eight.

Since the merger announcement the firm says it has picked up a number of new clients, among them are Education Funding Agency and Colgate Palmolive.

An analysis of the merger can be read in Number Crunching: Bond Pearce and Dickinson Dees.