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LLP Accounts
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Watson Farley LLPs show pay for top earner inching up on last year
By Suzi Ring | January 31, 2011
Watson Farley & Williams' highest- paid member took home £1.26m during the last financial year, marginally more than the equivalent figure of £1.23m in 2008-09. The figure is contained within the firm's recently-filed LLP accounts, which also show that turnover for the LLP, which does not include all of the firm's international offices, stood at £56.9m, against £18.4m of profit available for discretionary division between the 60 members.
1 minute read
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Taylor Wessing LLPs reveal reductions in staff costs and headcount
By Sofia Lind | January 28, 2011
Taylor Wessing cut staff costs by 17% during the last financial year after reducing staff headcount at the firm. The Anglo-German firm's UK limited liability partnership (LLP) accounts for 2009-10 show a drop in total staff costs from £37.4m to £31m. This comes against a 12% reduction in headcount, with total staff numbers dropping from 541 to 476. Support staff numbers fell from 262 to 227 - a drop of 13%. Meanwhile, fee earner numbers dipped by 9% from 258 to 235.
1 minute read
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Clydes LLPs show rising pay for top earner
By Suzi Ring | January 26, 2011
Clyde & Co saw the average number of members in its limited liability partnership (LLP) increase from 112 to 126 during the last financial year, with the highest-paid member taking home £885,250. Clydes' LLP accounts for 2009-10 show the top earner received nearly 5% more than the firm's highest earner the previous year, who took home £845,467.
1 minute read
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Hogan Lovells' international LLP set for £40m post-merger revenue boost
By Friederike Heine | January 24, 2011
Hogan Lovells' international partnership is anticipating an increase in revenues of up to £40m a year from legacy Hogan & Hartson's operations outside of the US, according to the firm's limited liability partnership (LLP) accounts. The 2009-10 accounts, recently filed with Companies House, cover the activities of legacy Lovells outside of the US - now Hogan Lovells International LLP. Hogan Lovells maintains two separate profit pools and accounting years, with most operations outside North and South America housed within Hogan Lovells International.
1 minute read
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CC accounts reveal £41m staff costs savings in wake of restructuring
By Sofia Lind | January 24, 2011
Clifford Chance (CC) reduced staff costs by £41m during 2009-10, after cutting its total headcount by 12% during the extensive firmwide restructuring carried out in the previous financial year. Figures within the firm's 2009-10 limited liability partnership (LLP) accounts, recently filed with Companies House, show that total staff and related costs at the magic circle firm dropped from £576m in 2008-09 to £535m in 2009-10 - a reduction of 7.6%.
1 minute read
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Freshfields LLPs show pay for top earner fell almost 20% in 2009-10
By Claire Ruckin | January 21, 2011
Freshfields Bruckhaus Deringer's highest-earning partner took home nearly 20% less during 2009-10 than the previous financial year. The figure, revealed in the firm's limited liability partnership accounts recently filed with Companies House, shows the firm's top-earner took home £2.7m last year - just over 18% less than the equivalent £3.3m figure in 2008-09. The figure includes retirement payments as well as the standard profit share.
1 minute read
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Herbert Smith top-earner pay rises 8% as firm cuts back net debt
By Claire Ruckin | January 21, 2011
Herbert Smith's highest-earning partner took home £1.22m in 2009-10, an 8% increase on the previous year's top figure, according to the firm's limited liability partnership (LLP) accounts. The accounts, recently filed at Companies House, also show that the firm significantly reduced net debt over the financial year - down 41% to £24.4m from £41.5m in 2008-09.
1 minute read
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Eversheds LLP accounts highlight £21m reduction in staff costs
By Claire Ruckin | January 18, 2011
Eversheds' staff costs dropped by £21m during 2009-10 on the back of headcount reductions at the firm, according to its recently-filed limited liability partnership (LLP) accounts. During the last financial year the UK top 10 firm saw staff costs fall to £147m - a 12.5% drop on the previous year's figure of £168m, according to the filings with Companies House.
1 minute read
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Barlows forecasts £17m turnover hike in wake of Halliwells deal
By Suzi Ring | January 12, 2011
Barlow Lyde & Gilbert has predicted a £17m increase in turnover following its acquisition of Halliwells' Manchester insurance arm last year. The firm's limited liability partnership (LLP) accounts, recently filed on Companies House, show that the firm expects to see revenues increase by £17m as a direct result of taking on "the majority of partners, staff and business of the insurance group of Halliwells" in July 2010.
1 minute read
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BLP's highest earner took home £1.6m in 2009-10, LLP filings reveal
By Claire Ruckin | January 11, 2011
Berwin Leighton Paisner's (BLP) highest-paid member received £1.6m in 2009-10 - a 31% increase on the previous year's top figure, according to the firm's latest limited liability partnership (LLP) filings. During 2009-10 the UK top 20 firm saw its best-paid member take home £380,000 more than 2008-09's top earner, according to the filings with Companies House.
1 minute read
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