Categories:UK

First batch of financials spin promising story for UK firms

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  • Given the soaring fortunes of Bond Dickinson, is it realistic to expect a triple figure percentage increase in turnover?

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  • So why all the redundancies?

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  • Good news always travels faster. Eager to see how the rest of the firms have fared!

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  • It looks rather like most of the big increases are the result of mergers. That doean't really count does it.

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  • Getting pretty bored of all these references to Bond Dickinson.

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  • Anon 2:37,

    It's worse in Newcastle. You can't open a newspaper without a breathless article about how wonderful the UK's 59th firm is.

    I guess they have to justify having a marketing team which is much bigger than is usual for a firm of their size.

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  • Well done to these firms. Some of the results would be amazing in an economic boom. 84% and 64% are stunning.,

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  • The stunning financials at DWF show what a brilliant management team can achieve. They are truly a world class firm well on the way to magic circle status within the next five years.

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  • Please can we move away from turnover rise. When firms merge of course there is a rise. Does it mean they are doing well? No.

    We need proper financial metrics. Watch out for firms who change the reporting currency too!

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  • These figures are meaningless out of context. What I would really like to know is what are their cash positions like and how have their liquidity ratios changed since last year? It is easy to wow and distract the unwashed masses with tales of fantastic turnover but if you can't pay the bills due to lack of cash (or increase PEP at a similar rate DWF?) it would suggest that you are trying to draw attention away from an underlying problem using big numbers.
    In accounting numbers can often hide the truth but cash in the bank never lies!

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  • Anon @4:41 - SHAMELESS plug of your employer there. I feel the need to call this out every time. Redundancies? Doesn't stink of a "world class firm well on the way to magic circle status". Your firm just merged - settle down.

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