DAC in line for 25 per cent profit margin

Davies Arnold Cooper (DAC) is set to up its profit margin to 25 per cent by the end of the year following a steady first six months. The firm is on budget to make £33m, a rise of 10 per cent from 2006, with a net profit of around £8m. Managing partner David Hertzell told The Lawyer that the firm was not disappointed with the results and that its real estate and insurance teams were performing solidly. DAC’s Madrid office is also doing well, according to Hertzell.