Dundas & Wilson announces financial results
18 Jun 06
2005-06 sees profits increase from £16.8 million to £21.2 million
Dundas & Wilson has announced its financial results for 2005-06, revealing further growth throughout its three offices in London, Edinburgh and Glasgow.
High quality deals have seen turnover at Dundas & Wilson grow from £44 million to £53 million, with profits increasing from £16.8 million to £21.2 million.
Average profit per partner rose from £256,000 in 2004-05 to £308,000. The firm attributes the increase in performance to its involvement in industry-leading work throughout the UK. It has also made a number of lateral hires to its three offices this year, as well as promoting people within the firm to partnership. All partners are equity partners.
The results are the first under the stewardship of new managing partners Donald Shaw and Alan Campbell. Mr Campbell said: ”We’re encouraged by these figures and we intend to concentrate on developing the practice even further over the next 12 months.”