Things have gone from bad to worse at insurance and shipping specialist Hill Dickinson, as the firm recorded a second consecutive drop in turnover.
Hill Dickinson would have hoped to improve on 2016/17’s less-than-stellar 1% fall in revenue, but this was off the cards when a 5% drop to £96.8m was announced. The impact was softened by a more robust showing in profitability with profit per equity partner rising 22% from £274,000 to £334,000. However, this is largely attributable to the firm cutting its equity partner count from 57 to 47.
