Pinsent Masons has posted more subdued figures for this financial year, with revenue up 5% from £362.4m to £382.3m and profit per equity partner (PEP) rising 2% from £538,000 to £550,000.
The latest to emerge in a run of recent LLP filings is Holman Fenwick Willan, which has seen its revenue dip 5% to £139m from £145m while operating profit fell by 16% to £49.9m from £59m.
Allen & Overy‘s (A&O) senior partner and managing partner, global practice heads and support directors took home £1.1m more in the financial year ending 30 April 2015 than the year before, the Magic Circle firm’s latest LLP filings show.
Clifford Chance executive committee group pay falls by 7% amid revenue and profit dip, LLP accounts reveal
Clifford Chance‘s (CC) 12-strong executive leadership group saw an average 7% decrease in pay packets in the last financial year while the firm’s revenue and profit fell, according to accounts filed at Companies House.
The highest-paid LLP member at Stephenson Harwood took home £1.3m during the last financial year compared to just over £1m the previous year – an increase of nearly 30% on what was paid in 2013/14.
The highest take-home pay at Dechert’s London office rose by 16% last year to £2.69m, despite income at the City office sliding by 4%.
Following controversy after its £637m purchase of Quindell’s Professional Services Division (PSD), Australian-listed Slater & Gordon (S&G) has revealed a revised version of its accounts following an audit of its UK business, which shows profit after tax of nearly £20m on revenue of £128m for the 2014/15 financial year.
This year’s Legal Business 100 (LB100) has seen the dynamics of the UK legal market turn on its head as national-driven law firms outperformed those at the top of the table, including the Magic Circle.
Irwin Mitchell has outperformed the relatively flat growth of its insurance-focused peers with modest turnover growth of 4% from £202.7m to £210.6m, along with a 6% rise in profits before tax from £17.1m to £18.1m.
Westminster firm Bircham Dyson Bell has posted respectable financial results for the 2014/15 year as it grew income 10% to £34.5m from £31.3m and generated profits of £11.1m – up 18%.