DWF boosts momentum with Pinsents hire

There’s no doubt about it, DWF’s growth has been prolific in recent years. Its most recent data show that turnover was up by 57.5 per cent at the half-year point to £93.6m.

Still, its raft of acquisitions cost the firm £17m in 2012/13, money that was used to buy Biggart Baillie, Buller Jeffries, Claimbase and Fishburns as well as taking on the collapsed Cobbetts in a pre-pack administration deal.

While any takeover is likely to add new clients (Metro Bank is just one cited by DWF) it is also likely to present challenges for a management team striving to push up profitability.

And so to the news today of the firm’s latest big-name hire: Pinsent Masonsfinancial institutions head Stephen Miles is joining DWF with a remit to drive its commercial business growth.

Miles, who will sit at the top of the DWF hierarchy alongside chief executive Andrew Leaitherland and COO Natalie Griffin, knows a thing or two about working with the big beasts – his clients include Royal Bank of Scotland, Barclays and HSBC.

As Leaitherland put it back in March: “Momentum builds momentum.”

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