Law firm reports double digit profit growth

Law firm DWF, which has a Tyneside office, has boosted profits by 23% in 2013/14.

Law firm DWF has posted has posted double digit profit growth and an increase in revenue in a year whoch saw the company complete four successive mergers as well as the acquisition of Cobbetts.

The company, which has 13 around the UK including a base in Newcastle, reported a 23% increase in net profit, taking the firm from £20.8m in 2012/13 to £25.5million in 2013/14.

Revenue also grew by 2% year-on-year from £188m to £191m at the firm.

DWF’s managing partner and chief executive Andrew Leaitherland said: “This year has been one of major consolidation as we’ve worked hard to fully integrate five separate businesses into DWF, and it’s a real sign of the strength of the business that we’ve been able to increase our net profit and revenue during this time.

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