By Ben Mitchell
July 20, 2005 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
Hammonds has unveiled its closely-watched financial results for 2004-05 with the embattled national giant announcing that average partner profits have fallen to £204,000.
Average profits per equity partner (PEP) dropped 25% from £276,000 last year, with total profits at the top 20 UK firm standing at £19.4m before exceptional costs. The firm said it made an exceptional charge of £1.6m.
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