Dickinson Dees recovers with 14 per cent PEP rise

Newcastle-based Dickinson Dees has posted a 17 per cent rise in turnover to £56m for the 2006-07 financial year along with a 14 per cent increase in average profit per equity partner (PEP), to £366,000.

The figures are a return to form after last year’s disappointing results, which saw PEP drop from £326,000 to £321,000.

The firm said that its growth strategy, which saw it open new premises in London and acquire Philip Ashworth & Co in York, had continued to deliver impressive results.

Managing partner Neil Braithwaite said 2006 had been a year of “substantial growth”, with the firm strengthening its reputation both locally and nationally.

“|This is reflected in the wins in both the private and public sector over the past 12 months,” added Braithwaite. “Our previous investment into the business has provided a successful springboard for the firm’s future growth across all practice areas.”