DAC Beachcroft announces record £17m profit growth in last year

DAC Beachcroft has become the latest in a line of public sector-focused law firms that have announced record profits in the previous financial year.
The firm reported a turnover of £275m this year, an increase of £17m - or 7% - on last year.

Profit before tax grew to £67m, an increase of £11m (19%) on the firm's 2019/2020 results, with profit per member growing 19% to circa £700k.

DAC Beachcroft made seventeen lateral hires over the course of the year and recently promoting a further sixteen fee-earners to partner in May 2021.

The firm also set up a new advocacy service, 8 DAC Beachcroft Buildings, which has expanded to over 20 barristers and advocates since launching in January 2021.
David Pollitt, DAC Beachcroft's Managing Partner, said, "Our results reflect our resilience and adaptability in the face of the stiff challenges posed by the COVID-19 pandemic.

"Our success this year has been very much down to our colleagues. We have pulled together as a firm, supported one another, and protected our business for the benefit of all. I want to thank our colleagues for their efforts, and I am very pleased that we have been able to recognise outstanding contributions made during the year by awarding record bonuses."

The announcement follows a slew of other law firms announcing substantial growth in profits this year. The council-owned ABS, LGSS Law, recently announced that profits more than doubled in the financial year ending 31 March 2021.

Bevan Brittan and Anthony Collins Solicitors also announced strong financial performance.

Adam Carey