Global giant Dentons has hailed record financial results in its UK and Middle-East division in the wake of last year’s takeover of former Scottish ‘Big Four’ outfit Maclay Murray & Spens.
The region posted annual income of £203.1m for the 12 months to 30 April, an increase of 22% on 2016/2017. That figure only includes revenues from the legacy Maclays offices since last November’s merger.
Profit per equity partner surged 36% to £651,000, compared with £481,000 last time.
Jeremy Cohen, Dentons’ CEO for the UK & Middle East said: ‘The investments we have made in the UK & Middle East over the past few years are now really starting to pay off. Even without the merger our revenues would have grown 9% last year, but it’s the five-year trend that tells the real story. Since 2013/14 our revenues have increased by 39%, with PEP rising 60%.’
Cohen said the firm’s ‘standout matter’ in contentious litigation was the firm’s work on the Carillion liquidation, where it acted for the government and now represents the Official Receiver as liquidator and PwC as Special Managers.