The growth rate of 7 per cent is more or less on a par with the 6 per cent increase reported for the 2014/2015 financial year, when turnover at the firm grew from £146.3m to £155m. The firm has also reported healthy growth in net profit, which rose 15 per cent from £34m to £39m over the last financial year. Meanwhile, profit per equity partner rose by 6 per cent from £502,000 to £530,000 in the last financial year after spiking by 23 per cent the year before. Dentons’ UKMEA chief executive Jeremy Cohen attributes the firm’s continued growth to an aggressive program of mergers and acquisitions and an increase in cross-border work across its corporate and commercial practice: ‘The benefits of being part of a global firm is that a huge portion of our work involves more than one region or office,’ he said, adding that the firm’s corporate arm had enjoyed a ‘particularly strong’ year.
Sources: The Lawyer; Legal Week
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