DTM figures come just days after another Liverpool practice, Hill Dickinson, reports a rise in distributable profits to £17.7m from £15.4m. Tony McDonough reports.
Liverpool and Chester law firm DTM Legal says it has secured 280 new client wins and worked on corporate deals worth £48m during 2016.
Since January, its corporate and commercial team has successfully worked on deals including securing a major investment for Liverpool-based technology company Vast Visibility from London private equity firm HgCapital.
The news comes just days after another Liverpool law firm, Hill Dickinson, reported annual revenues for the year to April 30 of £103m with distributable profits rising to £17.7m from £15.4m the previous year.
DTM serves a corporate base across the North West, North Wales and beyond, works with clients across a diverse range of sectors including the manufacturing, healthcare, property, leisure, retail and education sectors.
Eight of the partners and associates from the firm were also recognised in this year’s Legal 500, including head of DTM’s dispute resolution team Jim Morris, who was praised for his ability “to get to grips with any matter swiftly”.
The property and construction teams saw significant expansion with three key appointments including associate Guy Thomas, consultant Ted Quinn and trainee solicitor Safeena McGuirk.
The growing teams have handled a number of high profile deals, including working with property investment and development company Atmore to secure the sale of 44 properties from its national high street retail portfolio, totalling £20m.
Anna Duffy, head of commercial property at DTM Legal, said: “We have seen substantial growth for all areas of the business.
“We are confident 2017 will bring further exciting developments for the business and we look forward to growing our presence and client base even further in the new year.”
Hill Dickinson, which has its headquarters in St Paul’s Square, also reported a profit per equity partner of £314,000.
The firm’s chief executive Peter Jackson, said: “These results show the progress we have made against our strategic priorities.
“They are particularly pleasing given market conditions remain robust and the fact that they follow a period of significant restructuring for us.”