Dickinson Dees in profits dip as turnover rises ten per cent

Newcastle-based Dickinson Dees has increased its turnover for the tenth consecutive year, hitting £47.8m.

The figure is up ten per cent on last year’s, when top line was £43.8m.

Projected profit per equity partner (PEP) is down on last year, however.

2005-6 PEP is £320,000, while in 2004-5 it was £326,000.

Managing partner Neil Braithwaite said the decrease reflected the firm’s £4m move to new premises.

Braithwaite said: “Due to substantial expenditure this year, we budgeted for a lower figure. Without the expenditure, the figure would have been about £340,000.”

Partner numbers have increased from 64 to 69.

Braithwaite said: “This growth has been fuelled by good performance across the board, but in particular a number of corporate mega-deals. The size of these deals sets us apart from our peer group.

“There’s also been particularly strong performance in our property group, which has gone forward leaps and bounds, and we have been building specialist practices.”

The Newcastle heavyweight has acted in deals including the Reg Vardy saga, Northgate, Monstermob and Govia, as well as winning Project Orpheus, the £500m+ redevelopment of the Tyne & Wear Metro system.

Highlights for the property practice include the redevelopment of Macclesfield Town Centre, and housing Pathfinder schemes with Hull City Council.

The firm won public sector work including Building Schools for the Future (BSF) projects, securing five deals including Newcastle, Middlesbrough and London Borough of Newham.

Appointments included new charity head and partner Ros Harwood, who joined from Rollits in York, and new IT head and partner Andrew Scott, who joined the firm from Mayer Brown Rowe & Maw.