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LLP Accounts
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LG LLPs reveal loan reduction as firm eyes international expansion
By Suzi Ring | January 10, 2012
LG repaid almost half of its £9.6m worth of loans during 2010-11 due to "continued positive cashflow", according to the firm's latest limited liability partnership (LLP) accounts. The Companies House filings show that LG paid back £4.1m of its loans and overdrafts, which had been largely used to fund the property refurbishment carried out when the firm moved to its London Bridge offices in 2007, reducing its debt to £5.5m.
1 minute read
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GTM posts strong revenue growth in first full-year London LLPs
By Friederike Heine | January 9, 2012
Greenberg Traurig Maher's (GTM) burgeoning London office has posted turnover of £8.7m for its first full year in the City, according to the firm's new LLP accounts. The revenue figure, which covers the period between 31 March 2010 and 31 March 2011, is significantly up on the £3.5m the firm took in during its first eight months in London after launching in 2009 with the hire of ex-Mayer Brown heavyweight Paul Maher.
1 minute read
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Top paid Barlows partner makes £623k as LLP filings reveal finances
By Suzi Ring | November 9, 2011
Legacy Barlow Lyde & Gilbert's highest paid member took home an estimated £623,030 last year, marking a 46.6% increase on the highest profit share in 2009-10, which stood at £425,043.
1 minute read
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Partnership ranks at top UK law firms still in flux, research shows
By Simon Petersen | April 6, 2011
DLA Piper has seen more partners resign from its limited liability partnership (LLP) since January 2010 than any other top 10 firm, according to Legal Week research that shows the extent to which leading law firms are continuing to reshape their partnerships. Filings with Companies House show DLA Piper has seen 75 partners resign from its international LLP since January 2010, of which 60 have left the firm entirely. Of the remaining 15, eight have stayed with DLA in non-partner roles, with seven set to rejoin the LLP on 1 May when the merger with former Australian alliance partner DLA Phillips Fox takes effect.
1 minute read
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Ince switches to LLP in one of last top 50 conversions
By Suzi Ring | March 30, 2011
Ince & Co is set to convert to a limited liability partnership (LLP) on 1 May, becoming one of the last firms in the UK top 50 to do so. The move, which comes a decade after firms were first permitted to limit their liability, will see seven of Ince's nine offices included in the LLP. Hong Kong and Paris will be excluded for the time being.
1 minute read
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Dentons accounts show partnership shrank 15% in year before US tie-up
By Sofia Lind | February 11, 2011
Denton Wilde Sapte saw partner headcount fall by 15% in the last full financial year before its US merger, the firm's limited liability partnership (LLP) filings have revealed. The accounts show that Dentons' partnership shrank by 21 during 2009-10, from 159 to 138, alongside an 11% decrease in total staff numbers. SNR Denton co-chairman Howard Morris said that some of the departures had come in light of partnership restructuring, but that natural attrition had also been a factor behind the decrease.
1 minute read
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Field Fisher LLPs reveal completed phase-out of salaried partner rank
By Friederike Heine | February 7, 2011
Field Fisher Waterhouse has completed the phase-out of its salaried partner rank, the firm's recently-filed limited liability partnership (LLP) accounts have revealed. The filings show that Field Fisher's sole remaining salaried partner retired during the 2009-10 financial year.
1 minute read
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SJB LLPs show £20m repayments to partners during last financial year
By Sofia Lind | February 4, 2011
SJ Berwin cleared more than £20m of loans and debts owed to its limited liability partnership (LLP) members during 2009-10, according to the firm's recently-filed accounts. The Companies House filings show that total amounts due to the LLP's members decreased from £21.6m to just £1.1m during the financial year.
1 minute read
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LG accounts show pay for top earner rose by almost 50% in 2009-10
By Claire Ruckin | February 3, 2011
LG's highest-paid member received £695,000 in 2009-10 - a 46% increase on the previous year's top figure, according to the firm's latest limited liability partnership (LLP) accounts. The Companies House filings reveal that firm's best-paid member took home £220,000 more than the previous year, as profits per equity partner rose 64% to £460,000 alongside an 8% turnover increase. During the year LG reduced its net debt carried forward by 63% to £5.1m, compared to £14m the previous year, while cash at bank and in hand more than tripled to £4.5m, up from £1.3m. The firm's operating profit rose by 32% to £24.6m.
1 minute read
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Ashurst accounts: 2009-10 top earner made £1.1m as staff costs edge up
By Friederike Heine | February 3, 2011
Ashurst's top-earning partner made just under £1.1m last year, according to accounts filed this week with Companies House. The £1.07m figure is 12% higher than the top of Ashurst's standard lockstep for 2009-10, which ranged from £362,000 to £940,000. The reason for the £130,000 discrepancy with the top of the lockstep was increased compensation for departing partners.
1 minute read
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