Hill Dickinson has posted fee income of £82m for the 2008-09 financial year, an increase of 12 per cent on the previous year’s total of £73.1m.
The strongest growth was in the employment, insurance and professional risk practice areas, which grew by 39 per cent, 16 per cent and 13 per cent respectively. However, the key property practice experienced a dip in income.
At the same time the firm reported a drop in profit per equity partner (PEP) of six per cent for the same period from £312,000 in 2007-08 to £294,000 in 2008-09.
Managing partner Peter Jackson said: “In what has undoubtedly been a year of difficult economic trading conditions for many businesses, we’re encouraged by our continued growth across most practice areas, some of which have seen record results.”
Investments last year included the launch of a Singapore office specialising in shipping work in March this year run by partner Tony Goldsmith (12 January 2009).
As of the beginning of this week it completed a merger with London-based commodities boutique Middleton Potts in a move that is expected to create £22m in turnover in London (5 May 2009).
Other North West firms to announce results for the 2008-09 financial year include Cobbetts, DWF, Halliwells and Weightmans.
Cobbetts and Halliwells saw turnover fall by 16 per cent and five per cent respectively, while DWF experienced turnover growth of nine per cent and Weightmans of four per cent.