National firm Bond Dickinson has reported a strong financial performance in the past year, claiming profits up by 20%.
The firm, created through a merger of Dickinson Dees and Bond Pearce in May 2013, broke into the top 40 firms in the UK for revenue last year with turnover of £99.6m.
That figure increased by 7% to £106.4m in the year ending 31 March 2015, according to a statement released today. The firm did not give specific profit figures, but said profits were up by around a fifth.
The basis for the strong performance was a 20% growth in the firm’s transport sector and a 25% increase in revenues from its commercial disputes team.
Bond Dickinson also won and retained places on the panels of Sainsbury’s, AIG UK and The Crown Estate during 2014/15.
Jonathan Blair (pictured), managing partner, said: ‘We are confident that the next year will see us continue to grow in the right way.’
The firm agreed a strategic alliance with German practice Redeker Sellner Dahs at the end of 2014 and expanded its London office by more than 50% over 12 months.
The firm now has more than 700 fee-earners, including 145 partners, operating from nine locations across the UK.