Turnover (£m): 20.7
RPL (£k): 220
It was a relatively flat year for DMH Stallard, with turnover coming in at £20.7m and net profit falling slightly, from £3m to £2.8m. Managing partner Tim Aspinall puts this down primarily to pressure on pricing.
Despite the unimpressive numbers, DMH Stallard did acquire a small firm, SM Reed & Co, in autumn 2010. This development strengthened its healthcare offering, with a handful of new clients picked up along the way.
The firm also did well in banking and finance, winning places on bank panels and taking work from larger firms. Since last year the firm’s banking group has featured former Freshfields Bruckhaus Deringer finance chief Perry Noble, with Santander included on the client list.
Other significant hires during the year included that of Jonathon Deverill, a partner in the London corporate group, who joined in February 2011 from Stikeman Elliott.
DMH Stallard’s lockup improved last year, from 140 days to 110, thanks to a priority campaign focused on client accounts and efficiency. A revised lockup target of 100 has now been set.