DWF predicts strong first-year revenue growth

DWF predicts strong first-year revenue growth

Publicly-listed law firm DWF expects to hit its revenue target of at least 15% growth for its first year of trading.

DWF, which has an office in Leeds, where it focuses on corporate and banking, insurance, real estate and litigation, employment and pensions, private client and family law, provided an update on its first year trading as a public company.

The law firm launched on the London Stock Exchange in March with an initial value of £366 million.

International has experienced the strongest growth with revenue increasing by more than 70%.

Connected services saw growth in excess of 20%. Insurance and commercial services also delivered strong organic growth of more than 5%.

DWF increased its net partner headcount by 19 during the 12 months since 1 May 2018. The law firm also has a healthy potential lateral hire pipeline.

The law firm said it expects to pay a full-year dividend of £3 million, subject to shareholder approval, in September.

Andrew Leaitherland, chief executive officer of DWF, commented: “This has been another year of strong financial performance across our business, including good organic growth rates in our insurance and commercial services divisions and double-digit growth in Connected Services and International, providing a firm foundation on which to begin life as a public company.  Our international business in particular has shown extremely strong revenue growth.”

DWF expects to publish its preliminary full-year results on 31 July.

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