Addleshaw Booth & Co is to cut 11 partners as part of a shock move to restructure the firm and raise profitability.

The cuts, first revealed by www.legalweek.net (13 May), come despite the firm showing an increase in fee income of 18% from £75m to £88.5m at the end of this financial year, with average equity partner profits up from £238,000 to £275,000.