Dentons continues to grow as the top 20 global firm recently announced a 7 per cent increase in turnover for its UK, Middle East and Africa offices, from £155m to £165m for the 2015/16 financial year. This is just a small increase from the 6 per cent that the firm grew in the previous 2013/14 financial year from £146.3m. Net profit for these three regions also increased by 15 per cent from £34m to £39m, meaning profit per equity partner was also on the up from £502,000 to £530,000. Net debt has however fluctuated as it lowered in the financial year 2014/15 from £7.3m to £4.2m but has shot up in latest figures to £13.2m.
The all-round increases are attributable to an increase in international work emanating from the corporate and commercial practices. Such work includes counselling Malaysian oil and gas company Petronas on its acquisition of a 15.5 per cent share in the Shah Deniz gas field from the Norwegian Statoil. The firm has also been appointed to a number of legal panels, including Avis, John Lewis, Network Rail, Nokia and Royal Mail.