With the tie-up between Eversheds and Sutherland Asbill & Brennan almost a year old, the latest accounts for the non-US business reveal its c-suite took a £1.7m pay cut for the 2016/17 financial year, as the limited liability partnership (LLP) filing also reveals average remuneration per member rebounded slightly from the previous year’s drop. Meanwhile, staff costs for the legacy Eversheds business have continued to increase with double-digit percentage growth.
The firm’s key management team saw remuneration fall 22% to £6m in the 2016/17 financial year, according to the latest Eversheds Sutherland International accounts. The share of profit and salaries awarded to its chief executive, managing partner and members of the executive committee was £7.7m the previous financial year. Continue reading “LLP accounts: Executive belts tightened at Eversheds Sutherland International as profit lifts 5%”
With Allen & Overy (A&O) comfortably leading its peer group in the 2016/17 reporting season, the release of its full accounts was always going to look rosy. As it is, the City giant’s limited liability partnership (LLP) filing demonstrates just how good business has been for its c-suite, partners, staff and the tax man with forex movements further supporting robust underlying growth.
Key beneficiaries include A&O’s management team, which saw a collective remuneration hike of 16% to £15.8m, according to its LLP filings. The Magic Circle law firm’s senior partner, managing partner, global practice heads and support directors’ combined earnings for 2016/17 compare with £13.6m for the previous financial year. Continue reading “A&O awash with cash as £48m forex boost offsets soaring staff costs”
It has become established in recent years as one of the most potent performers in the UK top 50 but recent accounts illustrate just how much that means for a select few partners at Fieldfisher. Most strikingly, on the back of a year of substantial financial and geographic growth, Fieldfisher’s top-earning partner took home over £2m for the period, a 70% increase on the previous figure.
According to the filings with Companies House, Fieldfisher’s highest-paid partner earned £2.03m for the 2016/17 financial year, a £837,000 increase on the previous year’s tally of £1.19m. Continue reading “Rich rewards on offer – Fieldfisher accounts show top earnings soar over £2m as profits surge”
Ashurst’s latest LLP accounts show a spike in capital expenditure and a stark fall in operating profit defined a tough year for the Anglo-Australian firm in 2015/16, in which revenues fell for the second year in a row.
Continue reading “LLP latest: spending spike and debt increase underlines tough year for Ashurst”
Dentons‘ UK, Middle East and Africa business has seen turnover increase 7% to £169m for the financial year ending 2015/16, up from £157m the previous year, according to the firm’s LLP accounts. Continue reading “LLP latest: Dentons European and African business turns over £169m as top-earning member pockets 60% more”
Clyde & Co‘s highest-paid LLP member received £1.4m during the last financial year, while its merger with Simpson & Marwick brought in an additional £7m in profit in 2015/16.
Continue reading “LLP latest: Scots deal adds £7m to Clydes bottom line as highest-paid member takes home £1.4m”
Revenue at the London and Paris outposts of US firm King & Spalding surged 11% in 2015 to £41.9m as the firm continues expanding, but profit dropped by 10%. Continue reading “King & Spalding accounts for London and France show revenue up 11%, while profit dips 10%”
CMS Cameron McKenna has revealed a 26% rise in group turnover to £259.2m from £206.1m, boosted by the acquisition of Scottish firm Dundas & Wilson in 2014 which posted turnover of £47m.
Continue reading “Dundas & Wilson acquisition helps boost CMS turnover by more than 25%, accounts reveal”
Pinsent Masons‘ highest-paid LLP member took home 38% more last year than in 2013/14, as the firm posted double-digit growth across the board.
Continue reading “‘Reaped the rewards’: latest accounts underline strong year for expansive Pinsents”