Dundas boosts revenue but profit stalls

Dundas & Wilson has set a new benchmark by posting a revenue of £60.8m for the 2006-07 financial year, a rise of 15 per cent on the previous year’s £53m.

The 76-partner all-equity firm has also posted a static average profit of £308,000, citing heavy investment in the business as the reason.

Dundas said it had invested heavily in recruitment, with total headcount growing from 530 to 600 over the 12-month period.

It also took on a third more office space in London. The firm’s City office grew from 100 to almost 150 people during the year.

Dundas managing partner Alan Campbell said the business is continuing to expand across all three of the firm’s UK offices.

“We’re happy that we’re attracting the kind of high-calibre talent that reinforces our capability without resorting to merger or acquisition activity,” he added.