DOCSLIB.ORG

Good Evening Manchester!

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

North West Law Good Evening Manchester! April 2011 The Manchester Legal Awards News Courts Estates Reform Programme The 2nd annual Manchester Legal Awards took place on 3rd March at (CERP) Update the Midland Hotel, where over 500 guests and sponsors filled the page 5 Alexandra Suite to celebrate the cream of the Manchester legal DWF receives industry acclaim for client profession. Julia Baskerville reports on one of the highlights in the satisfaction Manchester legal calendar... page 6 Following on from the success of last year’s Man- Glaisyers continues to expand chester Legal Awards, the 2011 event was even more page 7 successful. For the win- Mills & Reeve secures Sunday Times top ners it was an evening of celebration, for the run- 100 ranking for eighth consecutive year ners-up there was some disappointment, but it page 8 was most definately an evening that recognised the cream of the Manches- Features ter legal profession. Guests began their evening with a champagne recep- Management Matters tion, sponsored by Trimega Laboratories, in the lobby of with Bill Kirby the Midland Hotel before page 12 moving in to the Alexandra Think Individual Client! Suit e for Dinner and the Awards ceremony. page 22 Fran Eccles-Bech, the Execu- tive Director of Manchester Regulars Law Society welcomed the guests with a resounding “Good Evening Manchester, Education & Training Programme welcome to our very own oscars!” page 10 President of Manchester City Profile: Law Society, Nick Daven- port also welcomed guests Ruth Shearn of RMSPR to the MLA in the UK’s great- est city. He said it was an page 11 evening to celebrate the The latest new from the MYSG, MTSG & outstanding legal talent in the city and that the task of ILEX the judges had been an ex- tremely difficult one in view page 13 of the high volume and quality of the entries. Fran’s Foray This month Goodman Harvey Nick also thanked the many individuals who had been page 24 involved in the organisation of the event as well as the many sponsors of the evening and individual More news, photos and reports awards . In partnership with Kevin Feddy, Business E ditor from the Manchester Legal Awards of the Manchester Evening News, the media partner for on pages 15 - 18 continued on page 15 The Monthly Publication of the Manchester Law Society Manchester Law Society President’s Column 3 I write this month’s col- John - whose attention to their firms. However we the Authorisation of Sole umn immediately after detail and sheer hard work cannot guess at every- Practitioners. It will be in- the Manchester Legal was outstanding. Fran thing that may be of rele- teresting to see over the Awards Dinner on 3rd managed to persuade a vance to members. We are next few months what no- March. The evening small army of people to here to serve our mem- tice (if any) that the SRA demonstrated the out- help the MLS team on the bers so if there are topics takes of the many re- standing legal talent in day and I am very grateful of interest to any firms sponses it has received on this great city. The winners for what they contributed. could they please let ei- recent consultations. My were all worthy, and my ther me or our education thanks are due to Brian congratulations go to At the Legal Awards Din- co-ordinator, Hannah Ker- Rogers of Lewis Hyman- them all. Those who were ner some advance public- shaw, have details. I would son Small for taking on the not successful have my ity was given to the also recommend you look onerous role of chairing commiserations, and Manchester Law Society carefully at the blue book- this vital committee. should remember there is Charity Ball to be held on let that accompanies the always next year. The Saturday 8th October, Messenger every month, At the end of March I will event has now become a once again at the Midland as we try to provide CPD be attending the Local fixture in our calendar, Hotel. The charities we will at a rate which is substan- Law Society conference in with demand exceeding be supporting will be the tially more cost effective Surrey. One session looks supply. 496 attended this North West Air Ambulance than the commercial particularly interesting - it year’s event, with a wait- and Nordoff Robbins, the providers. consists of a panel discus- ing list of 80. There is a children’s music charity. It sion involving our Na- clear message for next will be another glittering Continuing on the theme tional President (Linda year: book early to avoid event so I urge you to re- of education we are in the Lee), The Law Society’s disappointment. serve your table early. At process of finalising a joint chief executive (Des Hud- The Manchester Legal the Legal Awards we held venture with the College son), the Chairman of the My thanks must go to all a prize draw for these two of Law to provide mem- SRA (Charles Plant), and Awards demonstrated of our sponsors who charities, raising in excess bers of the Society with the Chief Legal Ombuds- helped to make the dinner of £4,300 which is out- online continuing educa- man (Adam Sampson). I the outstanding legal such a success. From my standing. The generosity tion at excellent rates. Full will report on this confer- conversations with them of all who entered is ap- details of this exciting ven- ence in next month’s col- talent in this great city. at the event it seems clear preciated. ture will be released umn. they enjoyed partnering shortly, but I am sure it will The winners were all with Manchester Law Soci- In addition to my role as offer much at a reasonable Nick Davenport ety in putting on a glitter- President I have the privi- price. President worthy, and my ing evening. Our media lege of chairing the Educa- partners MEN Media gave tion Committee of Our newly formed Regula- congratulations go to the event outstanding Manchester Law Society. tory Affairs Committee has coverage the following Much work is put in by the been busy. The Society has them all. day. My final thanks must members of this commit- responded to the two lat- go to the dedicated team tee to devise an education est consultations issued at Manchester Law Society program that is of assis- by the SRA on Client Fi- - Fran, Vicky, Hannah, and tance to members and nancial Protection, and President’s Column President’s 4 News Eversheds’partner takes on consultant role after 40 years The Manchester office of international law firm Eversheds has appointed M&A partner Edward Pysden as a consultant when he retires from the partnership on 30 April 2011. Edward spoke to Julia Baskerville about his life in the law... After more than four thing moved much more says “the pitches we see for there are many challenges decades at Eversheds, Ed- slowly and gave you time to global and major companies ahead for the profession, ward will continue provid- think, now everything has to are highly sophisticated and particularly for smaller firms ing advice to his clients be instantaneous. Similarly responsive to the clients de- who specialise in family, while also continuing with the training of solicitors has mands, they want access to conveyancing, matrimonial a portfolio of activities out- changed. Trainee solicitors information, value for and legal aid work. He adds side the firm. used to spend much more money and expertise. “ “my impression is that some time with their principals. of the smaller firms are fac- Edward joined Eversheds When I was training I had Edward has also seen the ing a difficult time and constituent North-West law two principals who would development of Manchester changes in legal aid are firm Alexander Tatham in sit with me and go through as a legal centre change dur- going to restrict access to 1970,and has specialised in everything in depth.” ing the last 20-30 years. He justice in the future.” corporate law. Edward has comments “During the mid advised on many of the re- Although the pace of prac- 80s Manchester’s law firms Throughout his career, Ed- gion’s most substantial tice has changed, Edward were much smaller than ward has been passionate transactions, such as bring- recognises the advantages those of Leeds and Birming- about the growth of the ing in £4 billion procure- and benefits that technol- ham. Leeds firms had the Manchester economy and ment for the Greater ogy has brought to modern advantage of serving several the health of the cultural life Manchester Waste Disposal practices. He says “Technol- large Yorkshire based Build- in the North-West of Eng- Authority to a successful ogy has modernised prac- ing Societies and the law land. He has been engaged conclusion in 2009. He has tices making them more firms benefitted from the in the development of the been recognised for a num- costs efficient and competi- regular flow of work this Manchester economy ber of years in Chambers di- tive. It has made the world generated. However the ex- through his roles as a board rectory as the leading smaller.” pansion and mergers of a member of Marketing Man- corporate lawyer in the number of firms such as chester, Knowledge Capital North-West of England. Edward has found that over Eversheds, Addleshaws, and pro-manchester, of the years, relationships with Dibb Lupton Allsop and which he became Chairman. So over the forty years what clients have changed.
Recommended publications
  • May CARG 2020.Pdf

    May CARG 2020.Pdf

    ISSUE 30 – MAY 2020 ISSUE 30 – MAY ISSUE 29 – FEBRUARY 2020 Promoting positive mental health in teenagers and those who support them through the provision of mental health education, resilience strategies and early intervention What we offer Calm Harm is an Clear Fear is an app to Head Ed is a library stem4 offers mental stem4’s website is app to help young help children & young of mental health health conferences a comprehensive people manage the people manage the educational videos for students, parents, and clinically urge to self-harm symptoms of anxiety for use in schools education & health informed resource professionals www.stem4.org.uk Registered Charity No 1144506 Any individuals depicted in our images are models and used solely for illustrative purposes. We all know of young people, whether employees, family or friends, who are struggling in some way with mental health issues; at ARL, we are so very pleased to support the vital work of stem4: early intervention really can make a difference to young lives. Please help in any way that you can. ADVISER RANKINGS – CORPORATE ADVISERS RANKINGS GUIDE MAY 2020 | Q2 | ISSUE 30 All rights reserved. No part of this publication may be reproduced or transmitted The Corporate Advisers Rankings Guide is available to UK subscribers at £180 per in any form or by any means (including photocopying or recording) without the annum for four updated editions, including postage and packaging. A PDF version written permission of the copyright holder except in accordance with the provision is also available at £360 + VAT. of copyright Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency, Barnard’s Inn, 86 Fetter Lane, London, EC4A To appear in the Rankings Guide or for subscription details, please contact us 1EN.
  • The State of Legal Services 2020 Evidence Compendium

    The State of Legal Services 2020 Evidence Compendium

    Evidence Compendium THE STATE OF LEGAL SERVICES 2020 CONTENTS 1. Framework and data sources 4 Our approach 5 Data sources 6 2. Environmental context and drivers of change 8 Data from LSB’s Covid-19 dashboard 12 3. Access to legal services for all 14 Summary 15 Snapshot of legal needs 16 Unmet need and barriers to access 19 Legal capability 22 Advice seeking 24 Perceived accessibility of the justice system 26 Paying for legal services 30 Public funding and health of the third sector 33 4. Competition working for consumers 40 Summary 41 Shopping around on price and quality 42 Comparison tools 48 Price competition 49 Levels of innovation and technology adoption 53 Unregulated market 58 The State of Legal Services 2020 § Evidence Compendium § 3 5. Regulation that commands public and professional confidence 62 Summary 63 Quality of legal services 64 Seeking redress 70 Professional conduct 75 Perceptions of legal professionals 82 Regulation: awareness and general public confidence 84 Confidence in the legal system 85 Independence of the legal system 88 6. A diverse and inclusive profession 92 Summary 93 Introduction 94 Availability of data 95 Protected characteristics 96 Socio-economic background 108 Mental health and wellbeing 113 Diversity of judiciary 115 7. A successful and sustainable profession 118 Summary 119 Snapshot of sector 120 Alternative business structures and external investment 123 Economic health of sector 125 The impact of Covid-19 127 Legal aid sector 130 Cost of regulation 132 International standing of jurisdiction 136 8. Endnotes 140 1. FRAMEWORK AND DATA SOURCES The State of Legal Services 2020 § Evidence Compendium § 5 Our approach 1.
  • Scotland-3.Pdf

    Scotland-3.Pdf

    Neutral Citation Number: [2015] EWHC 3626 (QB) Case No: 2MA91153 IN THE HIGH COURT OF JUSTICE QUEEN'S BENCH DIVISION MANCHESTER DISTRICT REGISTRY Royal Courts of Justice Strand, London, WC2A 2LL Date: 21 December 2015 Before : THE HONOURABLE MR JUSTICE PICKEN - - - - - - - - - - - - - - - - - - - - - Between : THE ROYAL BANK OF SCOTLAND PLC Claimant - and - MICHAEL PATRICK McCARTHY Defendant - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Ms Charlotte Eborall (instructed by Addleshaw Goddard LLP) for the Claimant Mr Duncan Kynoch and Mr Steven Fennell (instructed by Teacher Stern LLP) for the Defendant Hearing dates: 19, 20, 21, 22 and 27 October 2015 - - - - - - - - - - - - - - - - - - - - - Judgment The Honourable Mr Justice Picken: ntroduction 1. This is a case which has as its backdrop the demise of the well-known and well- established Manchester firm of solicitors, Halliwells LLP (‘the LLP’), previously known as Halliwell Landau (‘Halliwells’), in 2010. I make it clear straightaway that the Defendant, Mr Michael McCarthy (‘Mr McCarthy’), who became a Full Member of the LLP on 3 July 2007, when he and the LLP entered into the Limited Liability Partnership Deed (the ‘LLP Deed’), and who remained a Full Member until 31 May 2010, had nothing whatever to do with the circumstances in which the LLP got into the difficulties which it did. 2. On the contrary, it was common ground at trial that, on joining the LLP, Mr McCarthy was led to believe that the LLP had only modest borrowings and that he knew nothing at any stage about the financial arrangements surrounding the LLP’s move to new Manchester premises in Spinningfields, a move which had already taken place by the time that he became a Full Member.
  • UCD Law Recruitment Fair

    UCD Law Recruitment Fair

    GRADUATE EMPLOYABILITY RANKINGS UCD Law Recruitment Fair 2nd October 2019 O’Reilly Hall UCD 1pm-4pm Please bring your student card for entry to the Fair Correct at time of print, check out Careers Connect for the full list of exhibitors Proud Sponsors: Progress your career with us McCann FitzGerald is a leading Irish law firm. Our core values of leadership, integrity, progress and performance inform everything we do, and we measure our success by the results we achieve for our clients. We aim to attract students with strong academic backgrounds, who have character, energy and sound judgement and who are capable of building relationships with colleagues and clients alike. If this sounds like you, get in touch with us today and find out how you can progress your career with us. How to apply: Applications for the McCann FitzGerald Graduate Traineeship are now open. Visit mccannfitzgerald.com Diane Hennessy for more details. Closing date for applications is Thursday, Graduate Recruiter 31 October 2019. +353 1 511 1612 diane.hennessy@ Applications for our Summer Internship Programme mccannfitzgerald.com will open in January 2020. dublin | london | new york | brussels mccannfitzgerald.com McCannFitzGraduates @McCannFitz mccannfitzgeraldgraduates 1831_A4 profile ad-2019-08.indd 1 28/08/2019 15:34:48 Organisation Names Organisation Names • A&L Goodbody 4 • Jones Day 8 • Allen & Overy 4 • KPMG 8 • AMOSS Solicitors 5 • LK Shields Solicitors 8 • Arthur Cox 5 • Loyens & Loeff Luxembourg S.à.r.l. 8 • BARBRI International 5 • Maples Group 9 • BHSM 5
  • Appellants) V Legal Services Board (Respondent

    Appellants) V Legal Services Board (Respondent

    Trinity Term [2015] UKSC 41 On appeal from: [2014] EWCA Civ 1276 JUDGMENT R (on the application of Lumsdon and others) (Appellants) v Legal Services Board (Respondent) before Lord Neuberger, President Lady Hale, Deputy President Lord Clarke Lord Reed Lord Toulson JUDGMENT GIVEN ON 24 June 2015 Heard on 16 March 2015 Appellants Respondent Tom de la Mare QC Nigel Giffin QC Mark Trafford QC Martin Chamberlain QC Tom Richards Jana Sadler-Forster (Instructed by Baker & (Instructed by Fieldfisher) McKenzie LLP) Intervener (Bar Standards Board) Timothy Dutton QC Tetyana Nesterchuk (Instructed by Bevan Brittan LLP) Page 2 LORD REED AND LORD TOULSON: (with whom Lord Neuberger, Lady Hale and Lord Clarke agree) 1. The Legal Services Board (“the Board”) was established by the Legal Services Act 2007 (“the 2007 Act”). It exercises supervisory functions in relation to approved regulators of persons carrying on legal activities, including the Bar Standards Board (“BSB”), the Solicitors Regulation Authority (“SRA”) and the ILEX Professional Standards Board (“IPS”). 2. This appeal concerns the lawfulness of the Board’s decision on 26 July 2013 to grant a joint application by the BSB, SRA and IPS for approval of alterations to their regulatory arrangements, under Part 3 of Schedule 4 to the 2007 Act. The alterations gave effect to the Quality Assurance Scheme for Advocates (“the scheme”), which provides for the assessment of the performance of criminal advocates in England and Wales by judges. 3. The appellants are barristers practising criminal law. They seek judicial review of the decision on a variety of grounds, all of which were rejected by the Divisional Court and the Court of Appeal: [2014] EWHC 28 (Admin) and [2014] EWCA Civ 1276 respectively.
  • The Charter – a Short History

    The Charter – a Short History

    The Charter – a short history The Mindful Business Charter was born out of discussions between the in house legal team at Barclays and two of their panel law firms, Pinsent Masons and Addleshaw Goddard, along the following lines: The people working in their businesses are highly driven professionals; We do pressured, often complex, work which requires high levels of cognitive functioning; We thrive on that hard work and pressure; In amongst that pressure and hard work there is stress, some of which is unnecessary; When we are stressed we work less productively, and it is not good for our health; and If we could remove that unnecessary stress, we would enable people to work more effectively and efficiently, as well as be happier and healthier. They also recognised that the pressure and stress come from multiple sources, often because of unspoken expectations of what the other requires or demands. Too often lawyers will respond to requests for work from a client with an assumption that the client requires the work as quickly as possible, whatever the demands that may make on the individuals involved, and whatever the impact upon their wellbeing, their families and much else besides. The bigger and more important the client, the greater the risk of that happening. The development of IT has contributed to this. As our connectivity has increased, there has been an inexorable drift towards an assumption that simply because we can be contactable and on demand and working 24/7, wherever we may be, that we should be. No-one stopped to think about this, to challenge it, to ask if it was what we wanted, or what we should do, or needed to do or if it was a good idea, we just went with the drift, perhaps fearful of speaking out, perhaps fearful that if we took a stand, the client would find another law firm down the road who was prepared to do whatever was required.
  • Barriers to the Legal Profession

    Barriers to the Legal Profession

    Barriers to the legal profession Rosaline Sullivan July 2010 1 Introduction “Increasingly, children‟s success at school determines their success as adults, determining whether and where they go to college (university), what profession they enter, and how much they are paid” (Buckham and Lee, 2002). The provision of legal services at the highest levels and in the most prestigious firms is dominated by white, male lawyers from the highest socio-economic groups. Our belief is that such an outcome does not occur as a result of overt discrimination but instead barriers to entry and progression occur over the lifetime of individuals seeking a career in law from initial education, to training, to gaining experience within a law firm. This paper explores each stage that an individual follows in pursuing a career in law and the evidence that can help explain the socio-economic characteristics of lawyers we see in England and Wales. Overall purpose of research The Legal Services Board (LSB) has been formed to reform and modernise the regulation of the legal services market place in the interests of consumers. One focus of the LSB‟s first year was on “promoting access to a diverse profession”. In 2010/11 the LSB extends this area of focus to “developing a workforce for a changing market”, enabling us to consider more widely what consumers and procurers of legal services need, want and should be able to expect from the legal workforce. Promoting a legal workforce that is open to the widest pool of talent is recognised across the sector and government as a priority area.
  • Jomati Lawyer Article

    Jomati Lawyer Article

    Legal Week 23rd September 2004 Dial M for merger Stagnating turnover in a mature market is forcing many UK firms to revisit the merger option, despite the considerable hurdles, says Tony Williams The last few years have seen precious little domestic merger activity among mid-sized UK firms. The most recent exception was the merger between Addleshaw Booth & Co and Theodore Goddard to create Addleshaw Goddard. But even in that case Theodore Goddard had been in play for a few years and had come close to merger on at least one previous occasion. There has been more activity between US and UK-based firms, but they still only account for about one transaction a year — the last two being Mayer Brown and Rowe & Maw and Jones Day and Gouldens. However, albeit from a low base, there are the initial signs of increased activity. Two US/UK deals are currently in the public domain. Kirkpatrick & Lockhart is likely to merge with Nicholson Graham & Jones and DLA is in the final stages of its negotiations with Piper Rudnick. In addition, national firm Pinsents is looking to expand its London capability by a merger with Masons, which will create a top 15 UK firm. Other discussions are continuing at various levels of intensity and many are more than just a twinkle in the managing partner’s eye. Within the US there has been far more merger activity, particularly among the smaller firms, as lawyers have started to provide a credible capability in many of the larger US business and financial centres. Indeed, the second stage of consolidation appears to be occurring, with a number of mid-sized US firms contemplating merger.
  • CS Group Buys AIM for £5.3M Earlier This Month the AIM-Listed Computer Software Group Bought Hull-Based Legal Systems Supplier AIM for £5.3 Million in Cash

    CS Group Buys AIM for £5.3M Earlier This Month the AIM-Listed Computer Software Group Bought Hull-Based Legal Systems Supplier AIM for £5.3 Million in Cash

    www.legaltechnology.com CS Group buys AIM for £5.3m Earlier this month the AIM-listed Computer Software Group bought Hull-based legal systems supplier AIM for £5.3 million in cash. AIM’s audited accounts to 30 April 2005 show a pre-tax loss from continuing operations of £107k and gross assets of £7.5 million. Since then AIM has disposed of another division and consequently pre-tax losses for the year to 30 April 2006 are expected to increase. However the CS Group says it is confident that “cost savings and synergies resulting from the acquisition CPL expect £850k IT will result in a significant increase in future profitability”. Currently income from recurring support contracts account payback in year one for approximately 51% of AIM’s annual sales. Europe’s largest conveyancing operation Countrywide Property Lawyers is investing Following the acquisition Jim Chase is to continue as £850,000 in an upgrade of their Visualfiles managing director of AIM’s legal software business unit case management and SOS practice within the CS Group. All other AIM Group directors have management software. CPL, who resigned. Commenting on the deal, CS Group chief originally went with a Visualfiles/SOS executive Vin Murria said she was “confident AIM, with its solution in 1997 but then flirted with and strong and stable client base, will steadily grow in sales subsequently abandoned a bespoke and profits. It will provide a sound base from which CS project called Fusion, say they are Group can develop a significant position in the legal confident the upgrade will pay for itself sector, in which we intend to become a leading supplier.” within the first year of implementation.
  • Addleshaw Goddard Hong Kong Training Contract

    Addleshaw Goddard Hong Kong Training Contract

    Addleshaw Goddard Hong Kong Training Contract politicizesJotham volatilize very allopathically. irrelevantly ifFowler equipotent barricadoes Stacy pup off-the-record. or overtook. Lozenged Humphrey queers her knurs so extrinsically that Lincoln Y Law enforcement training facility successfully protests U Constitution the law field said. Addleshaw Goddard has appointed David Kirchin as worth of Scotland for software firm. Burges Salmon Osborne Clarke and Addleshaw Goddard have advised. Lawyer salary Which training contracts pay the benefit The Tab. Csr events for hong kong high in addleshaw goddard hong kong training contract for hong kong the addleshaw goddard, employment are an indonesian local and try again or go through an application stands out and! Department who State's vegetable of marital contract for training and exportation of. Can be in hong kong and train in the contracts and communications; it is always adequately equipped, enabling push them. Tokyo hong kong beijing melbourne sydney Sullivan Cromwell. Each year research firm receives around 2000 vacation advice and direct training contract applications combined At said initial application stage an HR source tells us. Ashurst News Analysis and Updates Page 1 of 25 Legal. CMS Cameron McKenna Nabarro Olswang and Addleshaw Goddard are among. Ropes Gray has launched its debut Tokyo training contract program in. Salary London 400 pw Salary Hong Kong 2500 HKD pw Location London. 23 Norton Rose Fulbright Addleshaw Goddard Mishcon de Reya and HFW. Giles qualified as a solicitor with Addleshaw Goddard in Manchester and. Lawyers from the Hong Kong offices of Clifford Chance Herbert Smith. Dec 03 2020 Applying for a training contract at Gowling WLG.
  • Why Firms Still Need to Be Careful in Good Markets 21St September 2015 Authors: Tony Williams; Steve Cottee

    Why Firms Still Need to Be Careful in Good Markets 21St September 2015 Authors: Tony Williams; Steve Cottee

    Beware of the upturn – why firms still need to be careful in good markets 21st September 2015 Authors: Tony Williams; Steve Cottee As the results for 2014-15 show a sustained if gradual improvement in law firms financial performance, together with the news of Gateley's successful IPO it is tempting to assume that the worst is now behind law firms after a gruelling period following the financial crisis. However, law firms need to be wary of the upturn and ensure that their firm is well placed to weather the storms that will buffet the legal market for many years to come. In our view there are six factors that law firms need to pay particular attention to if they are going to survive and thrive over the next few years. Cash Firms have increased their long term debt (over one year) from £5.75bn in 2010 to £7.35bn in 2014. Conversely short term debt, mostly overdrafts, has reduced from £2.4bn in 2011 to £1.8bn in 2014. Firms have however received a very significant cash infusion by way of the estimated £1bn of capital injected by fixed share partners to meet the recent requirements of HMRC. Banks still see law firms as a relatively good risk but a few high profile failures may see credit committees becoming far less accommodating and the cost of facilities rise. Crucially the capital injection from fixed share partners many firms benefitted from last year will not be available this year, at a time when arguably there will be an even greater need for cash than before.
  • Download the Full Annual Report and Financial Statements 2020

    Download the Full Annual Report and Financial Statements 2020

    DWF Group plc Group DWF Annual report and financial statements 2020 Built for strength and resilience DWF Group plc Annual report and financial statements 2020 DWF Group plc Annual report and financial statements 2020 Our purpose Our purpose is to transform legal services through our people for our clients. That’s why we are transforming our own business, with technological innovation, outstanding sector specialists and advanced working practices. This translates into an entirely new, resilient, business model that benefits from significant recurring revenues from institutional clients in our key industry sectors of Insurance, Financial Services and Real Estate. While the current environment is unprecedented, the Board is confident that the Group is well placed to continue to provide best service to our clients and benefit from future opportunities when the business environment normalises. We are built for both strength and resilience. Strength and resilience are directly interlinked within DWF, throughout this report, this icon highlights examples of how we put this in to practice. For the latest new releases and video presentations please see dwfgroup.com DWF Group plc Annual report and financial statements 2020 01 Highlights Solid performance report Strategic Revenue Revenue per partner1 Cost to income ratio2 Governance £297.2m £784.3k 42.6% +10.9% -9% -0.1ppts Operating Profit Underlying adjusted EBITDA3 Reported PBT statements Financial £22.2m £21.8m £18.2m +46% -22% +40% Underlying adjusted PBT4 Gross profit margin Net debt5 Other information £13.8m 47.9% £64.9m -32% -5.6ppts +£29.6m 1. Revenue per partner is calculated by dividing revenue by the FTE number of partners at the end of the financial year.