DAC Beachcroft reports 2% turnover rise to £280m

Reporting its provisional, unaudited results, the firm said profit before tax was £62m and profit per member was circa £652k.

David Pollitt, DAC Beachcroft’s Managing Partner, said: “Our focus this last year has been on investing in the future of our business. During FY21 we were continuing to manage the highly unusual circumstances thrown up by the COVID-19 pandemic. Like many firms, we posted very strong numbers in FY21, and we took the strategic decision to reinvest some of this back into the business in FY22 in a number of different areas. 

“This year, for example, we made a significant investment in a new practice management system which came online last summer and will underpin our firm for years to come. We have also put substantial funding behind cloud technology and cyber security to help us work smarter and to futureproof the firm.

“Our focus on pursuing international growth has been reinvigorated and we expect to bring projects to fruition during the course of FY23.  The investments are significant, made possible by a strong FY21, and we are confident that they will further strengthen our business and support our ability to be agile and better meet the growing needs of our clients.”   

The firm recently rolled out Flex Forward, which it said had transformed ways of working. “The innovative approach gives colleagues the flexibility to balance their personal and professional commitments more easily and truly enjoy a life that works.”

DAC Beachcroft also made 11 lateral hires during the year and promoted 17 to partner in May 2022.