North West firm Hill Dickinson is preparing to convert to a limited liability partnership (LLP) by October this year, as it celebrates a profit rise of 17 per cent.
The firm becomes the latest in making the leap to the new status. Last July Hill Dickinson rival Halliwells, which also has its roots in the region, converted.
Senior partner Tony Wilson said the firm had found “clear and compelling” reasons to change from a traditional partnership structure, adding that LLP status was the best platform to continue the firm’s growth.
Hill Dickinson has also announced an increase in average profit per equity partner of 17 per cent, lifting from £221,000 in 2004 to £260,000 in the last financial year. Turnover was up 12 per cent to £45.1m.