SJ Berwin negotiated a £2m rent-free period on its new Queen Street Place home but spent more than £28m on fitting out the office, its recently-filed accounts show.
SJ Berwin’s 2005-06 accounts, the firm’s first as a limited liability partnership, show the City firm agreed a rent-free period worth £2.03m when it moved offices in 2006. The firm also received a £1m boost as it was able to exit the lease on its old property earlier than anticipated. The changes helped the firm break the £700,000 average equity partner profits barrier for the first time last year.
