DMH Stallard managing partner Tim Aspinall is stepping down at the end of 2014, to be replaced by real estate head Richard Pollins.
Aspinall is relinquishing control of the firm after seeing it through almost 20 years of growth, largely through merger. He was managing partner of legacy Donne Mileham & Haddock, which became DMH at the turn of the millennium and began expanding through a series of bolt-ons.
The firm acquired outfits including London property boutique Fairbairns (12 March 2001), before tying up with 15-partner Stallards (18 January 2005). It added more capacity in London in 2007 when it merged with company and commercial firm Courts & Co (14 January 2008). More recently, DMH Stallard merged with Surrey-based Callaghans (3 September 2012) and agreed a strategic alliance with Riverview Law (13 May 2013).
At the end of the 2012/13 financial year DMH Stallard was the 113th largest UK firm by turnover, posting revenue of £18.5m. The firm’s year-end is 30 June and Aspinall told The Lawyer he expected turnover to be around £19m, a rise of about 3 per cent, for 2013/14. Profit was also expected to be up, with a reduction in debt levels.
Aspinall said he was proud of the firm he was handing over to Pollins, adding he felt his greatest achievement was “transforming the firm from where it was all those years ago into this very successful and innovative mid-market law firm”.
He said: “It’s so different from what it used to be like and that’s a fantastic achievement.”
Aspinall said he was proud of bringing a lot of people on board and supporting their development, and he felt DMH Stallard was well set-up for the future.
Pollins, who trained at the firm, has been a member of the management board for 14 years and real estate head for the last five years. He takes up the managing partner role on 1 January 2015, but will work with Aspinall over the coming six months to ensure a smooth handover.
The management rejig will also see employment head Rustom Tata become chair of the board, effective today (1 July 2014).
Partner Tina George takes over as real estate head immediately, while Simon Elcock becomes head of the regional litigation team. Partners Tim Ashdown, Jonathan Deverill and Jonathan Grant have been given the task of coordinating client development, new business and strategy.
Aspinall will become a consultant.