(Alliance News) - DWF Group PLC on Monday said it will deliver double-digit revenue growth in the first half of its current financial year, thanks to the International and Connected Services divisions.
The stock was trading 3.2% higher in London in morning trade at 129.50 pence a share.
The legal services provider - which floated in London in March - said it expects to report revenue growth in the six months to the end of October of not less than 10%, with the vast majority driven by organic activity.
By division, International and Connected Services continue, as expected, will deliver "the strongest" revenue growth in the period with 29% and 18% rise, respectively.
Insurance and Commercial Services, meanwhile, delivered combined organic growth of 5%, in line with guidance.
DWF said it has increased net partner headcount by 20 on a full-time equivalent basis in the period through its successful partner hiring and promotion programme, demonstrating DWF's ability to attract and retain talent.
"The first half of the year has seen a number of important milestones achieved as we continue to deliver on our initial public offering promises, developing the business in our first year as a listed entity," said Chief Executive Andrew Leaitherland.
"We have launched in Poland, made significant investment in partner hires globally, expanded our German operation with a presence in Dusseldorf, and seen a robust UK performance, particularly in Insurance and Litigation, despite the political uncertainty," added Leaitherland.
Looking forward, DWF said activity levels and the second half pipeline of work remain "robust", supported further by the recent partner hires in International. The company said it will deliver "further" revenue and profit growth in line with expectations.
The company is scheduled to report its half-year results on December 11.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
Copyright 2019 Alliance News Limited. All Rights Reserved.