SJ Berwin has posted a 49% partner profits drop, one of the largest falls in profitability recorded by a UK top 50 firm this year. The decline in profits per equity partner (PEP) from £801,000 to £410,000 came on the back of a 14% drop in turnover from £215m to £184m during the year. The firm said the steep drop-off came as a result of the firm's strong focus on transactional areas adversely affected by the financial crisis; in particular corporate, finance and real estate.
July 28, 2009 at 12:03 PM
1 minute read
The original version of this story was published on Legalweek
SJ Berwin has posted a 49% partner profits drop, one of the largest falls in profitability recorded by a UK top 50 firm this year.
The decline in profits per equity partner (PEP) from £801,000 to £410,000 came on the back of a 14% drop in turnover from £215m to £184m during the year.
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