Less is more for Addleshaws
Addleshaw Booth & Co stunned the national market in May last year when it announced it was making 11 partners redundant in a bid to restructure the firm and raise profitability.
Many of the cuts fell in the 52-partner Manchester office and ranged across the corporate finance, litigation, PFI and intellectual property departments.
The decision came as a surprise, not least because the firm’s end-of-year profits per equity partner saw a healthy increase of 15.5% from £238,000 to £275,000 and the firm’s revenue rose 18% from £75m to £88.5m.
