Top deals fuel law firms growth

MAJOR corporate and public sector wins and the opening of new offices have helped North-east law firm Dickinson Dees post another set of strong results.

MAJOR corporate and public sector wins and the opening of new offices have helped North-east law firm Dickinson Dees post another set of strong results.

The Newcastle-based firm, which also has offices in both Thornaby and York, reported a 17% rise in turnover from £47.8m to £56m - its 11th consecutive year of growth.

The firm acted as advisers on major deals including Huntsman Petrochemicals’ $813m sale of its UK petrochemical business, based at Wilton, to Saudi Basic Industries Corporation (SABIC) Petrochemicals.

The firm has also worked on a number of key projects for Grainger, including a £205m acquisition for G:res1, the residential investment fund advised by Grainger.

These helped Dickinson Dees achieve a £7bn deal figure in 2006.

Other key wins for last year included advising Partnership for Schools on a £2bn public scheme to create single source contractors for school and academy building projects.

The firm also expanded geographically with the opening of a York office following a merger with Phillip Ashworth and Co, as well as new premises in London.

Neil Braithwaite, managing partner at Dickinson Dees, said that 2006 had been a year of substantial growth with the firm strengthening its reputation as a regional leader with a “national reach This is reflected in the wins in both the private and public sector over the past 12 months,” he said.

Dickinson Dees is one of the UK’s top 50 law firms and employs 870 staff.

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