LLP latest: Travers’ top paid takes home £1.5m as Mishcon ‘shares the love’

LLP accounts show City elite firms Travers Smith and Mishcon de Reya both saw double digit turnover growth in 2016. While Travers lifted its top paid member to £1.5m, Mishcon’s highest paid dipped slightly.

For Travers, revenues jumped from £105.2m to £120.3m over the year to 30 June 2016, accounting for a 14% increase. As a result of another year of double-digit growth, operating profit at the firm also grew 12% from £52.4m to £58.5m. The highest paid member at Travers bagged £1.5m in 2016, increasingly slightly from last year’s figure of £1.3m. This figure in LLP accounts does not necessarily equate to the highest paid equity partner and can relate to ‘golden handshakes’ to retiring members.

Your limit of 1 article in 30 days is up. Please login for full access or subscribe.

Corporate users - click here for simple access (no password needed).

For more information, please contact jasmine.glass@legalbusiness.co.uk