DWF reports solid growth since public listing

by Steve Randall05 Jun 2019

DWF reports solid growth since public listing

International firm DWF says that it has continued to record strong revenue growth with FY19 revenue expected to be at least 15% higher than the previous year.

The firm listed on the London Stock Exchange in March and has seen its strongest growth in its international revenue which was up 70%.

The firm’s CEO Andrew Leaitherland highlighted this international growth following acquisitions including the K&L Gates Jamka legal services business in Poland.

“Since our IPO in March, we have also further expanded in Australia through the acquisition of FT Adjusting, a Connected Services business, and the hire of seven principal lawyers from the Melbourne law firm, WARD Lawyers," he said.

Herbert Smith Freehills to expand ALT business

The Alternative Legal Services business of Herbert Smith Freehills is expanding with the appointment of a new leader in South Africa.

Jacquie Hodgson becomes Head of ALT for the Johannesburg team which has been operating for the past 2 years as part of a network of 11 ALT hubs worldwide including four in Australia, three in Greater China, two in Europe, and one in the US.

“The demand for our services continues to grow exponentially, not only in South Africa but across our global network,” commented Lisa McLaughlin, Director of the Alternative Legal Services business in UK, US & EMEA.

Slater & Gordon in the UK will have multi-million-pound claim heard

The claim of Slater & Gordon in the UK against the firm from which it acquired a professional services business, will go to trial in October.

The law firm, now separated from the Australian-listed firm, is claiming GBP 637 million from Watchstone, formerly known as Quindell, based on allegations of breach of warranty and misrepresentation.

In a statement to the London Stock Exchange, Watchstone denies the allegations and says it does not believe the case should have progressed.

Noting an increase in its legal costs, the firm intends to robustly defend the action.