The line-up of North peer group firms has changed again. Following the departures of DWF and Hill Dickinson to the Major UK group last year, Weightmans joins them after 2011’s merger with Mace & Jones and the acquisition of Vizards Wyeth’s insurance team propelled the firm’s revenues into the big league.
Last year Weightmans was already £10m ahead of its nearest rival, Pannone. This year it is over £30m. Keoghs now tops this group with revenues of £47m.
But even without Weightmans, there is still a large gulf between the top firms and those bringing up the rear in this peer group. Dickinson Dees is now the largest firm by fee-earners in the North and its revenues are up by a modest 1% to £46.1m. This means the firm has arrested a three-year slide in revenues but is still some 23% behind its 2008 peak of £60m. Its five-year compound annual growth rate (CAGR) stands at -4% – the worst in the group behind Cobbetts.