Strong half year set to boost DMH Stallard’s profit results

DMH Stallard’s profit results” />DMH Stallard is set to see profit jump 12 per cent in 2006 after it revealed its half-year figures.

Turnover at the South East firm hit the £10m mark for the first sixth months of the financial year. Managing partner Tim Aspinall is predicting the firm’s profit per equity partner will reach £200,000 – an increase of 12 per cent on the 2004-05 figure of £180,000.

Speaking to The Lawyer, Aspinall said: “We’ve never been busier. Corporate, property, dispute resolution and employment have all been strong performers.”

Recent deals include the firm’s largest-ever transaction when it advised Cinque Ports Leisure on its £131m sale by way of a management buy-in/out deal, backed by Graphite Capital and led by corporate partner Vincent O’Brien.

If the firm’s performance continues at the same rate, final turnover for the year will remain static at £20m. However, Aspinall points out that profit will rise as a result of the firm losing four partners when it decided to separate from its shipping and transport team.