International law firm DAC Beachcroft is pleased to announce its provisional, unaudited results for the year ended 30 April 2025, continuing over a decade of successive revenue growth and coming as the firm prepares for its next Managing Partner to take over in the autumn.
DACB's total turnover for FY25 reached £348.1 million, an increase of £21 million (6.4%) on the previous year. Profit before tax increased by 7.1% to £76 million and profit per member exceeded £750k for the first time. Net debt continued to fall, reducing by £9 million (35%) to £17 million notwithstanding the substantial growth in the business.
This strong, continued growth comes as DACB prepares for a change of Managing Partner later this year. Partner and Head of Insurance Helen Faulkner will take over the role from David Pollitt in November. David has served two five-year terms as the firm's Managing Partner, leading an impressive financial turnaround, driving significant international expansion, and spearheading cultural and flexible working initiatives that have given the firm an edge in attracting and retaining talent.
Commenting on the firm's performance, David said, "Establishing balance in our business has been the key to driving growth in recent years. We have focused on strengthening our existing core sectors of Insurance, Health and Real Estate, while at the same time expanding our full-service offering through our Business Advisory Group and building out adjacencies such as financial services, technology, and shipping, trade and commodities.
"We have also continued our client-led international expansion, launching offices this last year in the USA, Hong Kong and Peru, as well as making significant hires and growing our capabilities in our existing global locations. Most recently we have signed strategic association agreements with firms in Australia and Ecuador so we can better support our clients across Asia-Pacific and Latin America. Expanding our global footprint further remains a priority.
"Crucially, our culture drives our growth and success. How we work and how we engage with each other, our clients and communities is one of our core strengths. We remain deeply committed to being an inclusive, supportive and collaborative business where everyone can be their full selves and do their best work. With our culture – and the trust, flexibility and opportunities we offer – we truly stand apart, and this is helping us grow as we attract and retain more and more high-calibre talent and clients.
"I am very proud of our firm's achievements over this past year and the last decade, and I'm delighted to be handing over the reins to Helen later this year. As our Head of Insurance she has played pivotal roles in cementing our reputation as the leading law firm in the insurance sector and steering our international expansion as we have evolved into a truly global firm. DACB will be in excellent hands and I'm highly confident about its future."
Helen added, "DACB is in an incredibly strong position, and we are investing to support growth, remain competitive and futureproof our business. We are modernising our processes and systems, introducing further AI tools and using technology strategically. We are also adding new skills and expertise, strengthening our global platform, and constantly striving to be the place where talented people want to work – all so we can continue delivering the best advice and solutions for our clients.
"As we have grown over the last few years, so have our ambitions. This is a hugely exciting time for DACB and I am looking forward to helping to write the next chapter of its growth story."
