National firm DWF today disclosed half-year income of £93.6m, a 57.5% rise on the same period in 2012.
Profits also rose ‘significantly’ in the six months to 31 October, said the firm, which intends to release more figures later this week.
Over 10% (£6m) of DWF’s revenue growth was organic, with the remainder coming from its mergers with personal injury firm Fishburns and the acquisition of failed national firm Cobbetts, both in February 2013.
Insurance revenues grew 34% to £41m, accounting for nearly half of the firm’s total revenue.
Real estate grew 92% to £13.5m and now accounts for 15% of turnover. The transport sector grew 81% compared to the same period year, and revenues associated with retail, food and hospitality were up 87%.
DWF’s focus on financial services now accounts for about 8% of the business, with the firm planning further ‘major investment’ in the sector.
The firm has secured new client wins including M&S and Metro Bank, wins it attributes in part to its sector-focused strategy.
DWF expects further growth in its insurance practice, having ‘significantly strengthened’ its catastrophic and large loss personal injury and non-injury expertise with the hire of a 48-strong team (including 11 partners) from specialist insurance law firm Greenwoods last month.
Managing partner at DWF Andrew Leaitherland (pictured) said the firm has begun to see traction in its chosen markets: ‘We have experienced significant benefit already from our acquisitive phase over the last 12-18 to months.’
He said lateral hires, particularly in London and Birmingham, are expected to support further growth in the second half.