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ashurst-logo-Article-201609211040 Ashurst saw operating profit drop by more than 20% during 2015-16, after a challenging year in which the firm made significant investment in new premises and IT systems, the firm’s limited liability partnership (LLP) accounts show.

Operating profit fell by 21% from £193.1m to £152.1m, while net profit fell 22% from £186.6m to £144.8m, as revenue dropped 10% from £560.9m to £505.2m.

The accounts, which were filed at Companies House this month, state that the firm “entered into finance leases and other financing transactions in respect of assets with a total value of £12.7m”.

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Rose Walker

Rose is News Editor at Legal Week and Law.com International. [email protected]

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