Regional firms buck City trend in year-end results

Regional law firms have shrugged off the economic malaise impacting their City contemporaries by reporting solid figures for the last financial year.

Pannone & Partners, Ward Hadaway and Hill Dickinson have all seen turnover for 2003-04 substantially increase.

Manchester’s Pannones saw billings grow by a robust 20.4 per cent to £29.5m, Ward Hadaway reported a 17.4 per cent upturn in gross to £17.4m while Hill Dickinson ended its financial year with a staggering 37.9 per cent boost in revenue to £40m.

For Pannones, where employment and private client saw blistering increases in billings, profits per partner (PPP) grew by 22 per cent to £244,000.

For Ward Hadaway profits per partner skyrocketed this year, increasing by 37 per cent to £250,000.

The regional results are in marked contrast the City firms where most are experiencing flat revenues and falling profits for the last financial year.

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