Page 46 - DWF Annual Report 2017

12

Financial

Review Chris Stefani

Planning for growth

A year of two halves in the UK “Our Litigation, Corporate
We set out in FY 16/17 with a relatively Services and Motor Fraud
ambitious UK growth budget which we
were aware would present challenges given teams in particular had very
how competitive the UK market remains. healthy growth, so whilst

However, it was quickly derailed due to the overall results for UK
the unexpected Brexit result which had were impacted by events
a very immediate impact on our
Commercial Services division, and our in the first half, they mask
Real Estate practice in particular. This a very strong underlying
impact, together with the continued
challenges in the Insurance market growth story.”
diluted the potential H1 growth we had
anticipated in the UK market.

However, in the second half of the
year, we saw a shift. Client demand
picked up and we recovered onto our
growth trajectory, ending the year with
a significant amount of momentum
and with growth in three of our six UK
Practice Groups and in our
international locations.