DWF revenues up 14 per cent to £435m
DWF has reported a 14 per cent increase in net revenue to £435 million in what it has hailed as an “excellent performance” over the past financial year.
The global provider of integrated legal and business services today announced its financial results for the year ending 30 April 2024, with all three divisions achieving increases in net revenue.
Revenue growth in legal operations was eight per cent, the same as in commercial services, while the fastest growth was in insurance services at 24 per cent, driven in part by an acquisition in Canada.
Sir Nigel Knowles, CEO of DWF, said: “This is an excellent performance for our business and provides further evidence that our integrated legal management approach is helping us win with our clients.
“We have achieved continued profitable growth despite macroeconomic uncertainty, which is testament to the exceptional service our colleagues provide, and the trust placed in them by our clients.”
Over the course of the year, DWF promoted 33 to partner or to a higher career level within its partnership structure, as well as making 25 lateral hires at partner level.
The firm’s financial results were welcomed by the leadership of its Dublin and Belfast offices.
Caroline Colliston, managing partner of DWF in Scotland, said: “The Scottish offices of DWF have enjoyed an exciting period of growth through; lateral hires including corporate partner Jonathan Kirkwood, Laura McCabe in Dispute Resolution and insurance partner Calum Mathieson, promotions, of which there were 14, team growth hires and sustained growth in our client base and client work. Our outstanding teams in the insurance sector, finance litigation and commercial services have been appointed by clients on numerous long term contracts across a variety of sectors including the Scottish Government and BMW Financial Services among many others.”
“At the same time as delivering excellent legal services our teams have been making a positive impact in our communities running our successful 5 Star Futures programme with Leith Academy, Govan High School and St Benedict’s High School as well as raising funds and volunteering time to support the DWF Foundation and local charities, and contributing challenge and insight into government policy and regulation.”