News Column

Earnings at Dundas & Wilson suffer fall

August 1, 2014

SCOTT WRIGHT; SCOTT WRIGHT

LAW firm Dundas & Wilson has booked a three per cent fall in earnings in its last full-year of accounts before its merger with CMS Cameron McKenna in May.

Unaudited accounts show the firm, whose fortunes were hit by the global financial crisis, posted pre-tax profits of pound(s)12.4 million for the 12 months of 2013/14, down from pound(s)12.8 million the year prior.

The profits fall came as turnover slipped by 4.5 per cent to pound(s)47.5 million, meaning revenue at the firm has fallen by 29 per cent over the last five years.

However, profit per equity partner rose by 8 per cent to pound(s)181,006, and revenue per partner was hiked by 6.3 per cent to pound(s)684,351.

The results were provided to law sector journal Legal Business for The Legal 500, its table of law firms and solicitors next due to be published in September.

They come as Dundas & Wilson's contemporaries in Scotland show signs of rebounding from the recession, with strong recent results from the ilkes of Brodies, Morton Fraser and Shepherd and Wedderburn.

Meanwhile, Anderson Strathern has appointed Murray McCall as its new managing partner. He replaces Andy Lothian on September 1, who is stepping down after five years to return to a client-facing role.

Mr McCall became a partner at the firm eight years ago and has been instrumental in setting up and expanding its Glasgow office.


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Source: Herald, The (Scotland)


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