Profits rise at Womble Bond Dickinson following year of sustained growth

The region’s biggest law firm has highlighted sustained growth and client successes following a jump in profits in a shorter trading year.

Newcastle based Womble Bond Dickinson UK LLP, formed when Bond Dickinson merged seven years ago with US firm Womble Carlyle Sandridge & Rice to create a trans-Atlantic practice, moved its accounting reference date, leading to the the firm posting strong results for an 11-month period.

Published accounts for the period ending March 2024, show a drop in turnover from £116.9m in the 12 months to April 2024, to £114.6m, in the 11 months to the March 31 2024. Operating profit, however, rose from £24.2m to £26.7m, while pre-tax profit jumped from £24.1m to £28.7m. Total members interest also increased, from £37.4m for the group to £37.8m

The accounts detail how profits are shared among the members in accordance with agreed profit sharing arrangements and that members are required to make their own provision for pensions from their profit shares. During the year there were 99 members, two more than in 2023.

With its head office in Newcastle, the wider Womble Bond Dickinson group has bases across the US and UK, with offices in London, Bristol, Edinburgh, Leeds, Newcastle, Plymouth, Southampton and Teesside. The company made si