DWF’s financial report highlights strong activity levels
updated on 16 June 2023
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Listed international law firm DWF Group Plc has issued its financial year trading statements for 2023, revealing an 8% revenue growth from the pervious year and offering an update on its business and legal services.
The report reveals that the firm expects to:
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hit £380 million in net revenue (an 8% growth on prior year);
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produce underlying organic growth of 5%; and
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save in excess of £15 million due to its cost reduction programme.
DWF also reported a significant rise in year-on-year revenue, with a growth of 12% in its third quarter and 14% in its fourth.
The firm noted that its board of directors is pleased with its progress, particularly in light of current economic conditions and interest rates.
Sir Nigel Knowles, chief executive officer of the firm, highlighted that the report demonstrated “how robust a business” DWF is.
He added: “We’ve delivered consistently strong revenue growth and underlying organic growth, with the initial benefits of our cost control programme also coming through. Our transaction in Canada has also given us great momentum in North America, which is a geography that continues to be of high importance to our future growth story."
