DAC's revenue edges up 3% but partner profits down following merger
DAC Beachcroft has posted a 3% increase in like-for-like turnover and a 12% dip in profits per equity partner (PEP) for the 2012-13 financial year. Income for the 12-month period amounted to £188.2m, up on the combined turnover of £182.2m the previous year in what was firm’s first full year trading since the merger between legacy firms Davies Arnold Cooper and Beachcroft in October 2011. Despite the top line increase, PEP is down from £321,000 to £284,000 although the firm states net profit rose to £31.8m from its 2012-11 audited figure of £22.4m.
DAC Beachcroft has posted a 3% increase in like-for-like turnover and a 12% dip in profits per equity partner (PEP) for the 2012-13 financial year.
This premium content is reserved for
Legal Week Subscribers.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651