LLP latest: Hogan Lovells stands out for lack of debt as accounts show 5.4% increase in profit before tax

LLP latest: Hogan Lovells stands out for lack of debt as accounts show 5.4% increase in profit before tax

Transatlantic LB100 firm Hogan Lovells has become the latest to release its LLP accounts for the 2012/13 financial year, posting a 5.4% profit-before-tax increase from £197m to £208m and an enviable lack of debt in comparison with a number of recent filings among some of its competitors.

Revenue decreased 1.6% from £591m to £581m, which the firm attributed to the weakening of the euro against Sterling during the relevant period.

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