Law firms

Financial results 2013/14: Addleshaws posts mixed results as profit down 11% after partner restructuring and CFA write-off

Addleshaw Goddard today (9 June) unveiled mixed financial results for the 2013/14 period, with turnover up by 3% to £171.4m but net profit down 11% from £44.9m to £39.8m.

The dip in profits was blamed on exceptional expenses during the year, namely partner restructuring and a written off conditional fee agreement, which relates to the firm’s role advising the late Boris Berezovsky in his high profile court battle with former business partner, Russian oligarch Roman Abramovich.

This article is for Legal Business subscribers. Please log in or subscribe to read on.